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LyondellBasell Industries Bullish Moving Average Crossover Alert (LYB)

By James Quinn

Today, shares of LyondellBasell Industries (NYSE:LYB) have advanced above their 10-day MA of $82.23 on a volume of 373K 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.

Over the past year, LyondellBasell Industries has traded in a range of $69.10 to $107.32 and is now at $82.40, 19% above that low. 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 is monitoring the recent change of momentum in LyondellBasell Industries. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of LyondellBasell Industries in search of a potential trend change.

Keywords: moving crosses lyondellbasell industries

Ticker(s): LYB