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Bearish Moving Average Cross by Celanese (CE)

By Nick Russo

Today, shares of Celanese (NYSE:CE) have fallen below their 10-day MA of $69.62 on a volume of 155K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Celanese have traded between a low of $54.35 and a high of $74.55 and are now at $69.52, which is 28% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.4%.

SmarTrend is monitoring the recent change of momentum in Celanese. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Celanese in search of a potential trend change.

Keywords: moving crosses Celanese

Ticker(s): CE