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Bullish Moving Average Cross by LyondellBasell Industries (LYB)

By Shiri Gupta

Today, shares of LyondellBasell Industries (NYSE:LYB) have advanced above their 10-day MA of $74.15 on a volume of 755K 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.

In the past 52 weeks, LyondellBasell Industries share prices have been bracketed by a low of $69.10 and a high of $107.32 and are now at $74.75, 8% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.4%.

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 12.8%. 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