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After Yesterday's Rally of 3.18% Shares Could Potentially Pullback

By Nick Russo

Lyondellbasell-A (NYSE:LYB) traded in a range yesterday that spanned from a low of $113.78 to a high of $116.38. Yesterday, the shares gained 3.2%, which took the trading range above the 3-day high of $113.53 on volume of 1.0 million 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 Lyondellbasell-A on April 18th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $108.09. Since that recommendation, shares of Lyondellbasell-A have risen 3.8%. We continue to monitor LYB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Lyondellbasell-A have traded between a low of $69.82 and a high of $121.95 and are now at $116.19, which is 66% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.4%.

Keywords: rebounders lyondellbasell-a

Ticker(s): LYB