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Westlake Chemical Bullish Moving Average Crossover Alert (WLK)

By James Quinn

Today, shares of Westlake Chemical (NYSE:WLK) have crossed bullishly above their 10-day moving average of $65.11 on a volume of 168K 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, Westlake Chemical share prices have been bracketed by a low of $39.48 and a high of $77.59 and are now at $65.70, 66% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has slid 0.6%.

SmarTrend recommended that subscribers consider buying shares of Westlake Chemical on November 10th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $53.90. Since that recommendation, shares of Westlake Chemical have risen 19.6%. We continue to monitor WLK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses westlake chemical

Ticker(s): WLK