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Bearish Moving Average Cross by Westlake Chemical (WLK)

By David Diaz

Today, shares of Westlake Chemical (NYSE:WLK) have crossed bearishly below their 10-day moving average of $63.97 on a volume of 105K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Westlake Chemical has traded in a range of $39.48 to $77.59 and is now at $63.02, 60% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has slid 0.6%.

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

Keywords: moving crosses westlake chemical

Ticker(s): WLK