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Shares of Celanese Rise Above Previous 52-Week High

By David Diaz

Celanese (NYSE:CE) traded today at a new 52-week high of $94.96. So far today approximately 345,000 shares have been exchanged, as compared to an average 30-day volume of 940,000 shares.

In the past 52 weeks, Celanese share prices have been bracketed by a low of $54.35 and a high of $94.96 and are now at $94.36, 74% 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.

Celanese Corporation is a global industrial chemicals company. Its business involves processing chemical raw materials, such as ethylene and propylene, and natural products, including natural gas and wood pulp, into chemicals and chemical-based products.

There is potential upside of 0.3% for shares of Celanese based on a current price of $94.36 and an average consensus analyst price target of $94.65. Celanese shares have support at the 50-day moving average (MA) of $66.66 and additional support at the 200-day MA of $64.78.

SmarTrend is monitoring the recent change of momentum in Celanese. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Celanese in search of a potential trend change.

Keywords: 52 week high/lows Celanese

Ticker(s): CE