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Shares of Celanese Corp-A Rise Above Previous 52-Week High

By Nick Russo

Celanese Corp-A (NYSE:CE) traded at a new 52-week high today of $114.58. Approximately 407,000 shares have changed hands today, as compared to an average 30-day volume of 940,000 shares.

Celanese Corporation is a global integrated producer of chemicals and advanced materials. The Company's products include acetyl, acetate, vinyl emulsion, and engineered polymers. Celanese operations are primarily located in North America, Europe, and Asia.

Celanese Corp-A has overhead space with shares priced $114.03, or 7.7% below the average consensus analyst price target of $123.53. The stock should find initial support at its 50-day moving average (MA) of $66.66 and further support at its 200-day MA of $64.78.

In the past 52 weeks, Celanese Corp-A share prices have been bracketed by a low of $60.59 and a high of $114.58 and are now at $114.03, 88% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.4%.

SmarTrend is tracking the current trend status for Celanese Corp-A and will alert subscribers who have CE in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows celanese corp-a

Ticker(s): CE