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Lyondellbasell-A Crosses Below its 10-day MA (LYB)

By Shiri Gupta

Lyondellbasell-A (NYSE:LYB) shares have crossed bearishly below their 10-day moving average of $87.52 on a volume of 421K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Lyondellbasell-A has traded in a range of $68.61 to $106.61 and is now at $87.30, 27% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

SmarTrend recommended that subscribers consider buying shares of Lyondellbasell-A on August 30th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $77.03. Since that recommendation, shares of Lyondellbasell-A have risen 14.5%. We continue to monitor LYB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses lyondellbasell-a

Ticker(s): LYB