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Bullish Moving Average Cross by Westlake Chemical (WLK)

By Nick Russo

Westlake Chemical (NYSE:WLK) crossed over its 10-day moving average of $61.76 on a volume of 117K 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.

Over the past year, Westlake Chemical has traded in a range of $39.48 to $77.59 and is now at $63.21, 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 tracking the current trend status for Westlake Chemical and will alert subscribers who have WLK in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses westlake chemical

Ticker(s): WLK