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After Yesterday's Rally of 2.01% Shares Could Potentially Pullback

By Shiri Gupta

Celanese Corp-A (NYSE:CE) traded in a range yesterday that spanned from a low of $125.43 to a high of $126.93. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $124.82 on volume of 284,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Celanese Corp-A on August 20th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $111.46. Since that recommendation, shares of Celanese Corp-A have risen 11.4%. We continue to monitor CE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Celanese Corp-A share prices have been bracketed by a low of $82.91 and a high of $126.93 and are now at $126.76, 53% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.3%.

Keywords: rebounders celanese corp-a

Ticker(s): CE