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LyondellBasell Industries Crosses Above its 10-day MA (LYB)

By Shiri Gupta

LyondellBasell Industries (NYSE:LYB) shares have crossed bullishly above their 10-day moving average of $79.97 on a volume of 344K 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, LyondellBasell Industries share prices have been bracketed by a low of $69.10 and a high of $107.32 and are now at $80.54, 17% above that low price. 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 recommended that its subscribers protect gains by selling shares of LyondellBasell Industries on March 9th, 2017 by issuing a Downtrend alert when the shares were trading at $89.26. Since that call, shares of LyondellBasell Industries have fallen 11.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses lyondellbasell industries

Ticker(s): LYB