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Bullish Moving Average Cross by LyondellBasell Industries (LYB)

By James Quinn

LyondellBasell Industries (NYSE:LYB) shares have crossed bullishly above their 10-day moving average of $80.32 on a volume of 837K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

LyondellBasell Industries share prices have moved between a 52-week high of $107.32 and a 52-week low of $69.10 and are now trading 19% above that low price at $81.98 per share. The 200-day and 50-day moving averages have moved 0.35% lower and 0.37% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of LyondellBasell Industries on April 29th, 2016 by issuing a Downtrend alert when the shares were trading at $83.83. Since that call, shares of LyondellBasell Industries have fallen 4.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses lyondellbasell industries

Ticker(s): LYB