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Celanese Bullish Moving Average Crossover Alert (CE)

By James Quinn

Celanese (NYSE:CE) crossed over its 10-day moving average of $70.77 on a volume of 123K 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.

In the past 52 weeks, Celanese share prices have been bracketed by a low of $54.35 and a high of $74.55 and are now at $71.54, 32% above that low price. The 200-day and 50-day moving averages have moved 0.13% higher and 1.37% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Celanese on February 29th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $61.22. Since that recommendation, shares of Celanese have risen 15.4%. We continue to monitor CE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Celanese

Ticker(s): CE