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Westlake Chemica Bearish Moving Average Crossover Alert (WLK)

By Shiri Gupta

Westlake Chemica (NYSE:WLK) crossed under its 10-day moving average of $69.05 on a volume of 115K 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.

In the past 52 weeks, Westlake Chemica share prices have been bracketed by a low of $59.78 and a high of $124.30 and are now at $67.66, 13% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 1.1%.

SmarTrend recommended that its subscribers protect gains by selling shares of Westlake Chemica on February 26th, 2019 by issuing a Downtrend alert when the shares were trading at $72.84. Since that call, shares of Westlake Chemica have fallen 4.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses westlake chemica

Ticker(s): WLK