Bullish Moving Average Cross by LyondellBasell Industries (LYB)
LyondellBasell Industries (NYSE:LYB) shares have crossed bullishly above their 10-day moving average of $79.00 on a volume of 375K shares. This may provide swing traders with an opportunity 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 15% above that low price at $79.46 per share. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.4%.
SmarTrend is tracking the current trend status for LyondellBasell Industries and will alert subscribers who have LYB in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses lyondellbasell industries