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Celanese Corp-A Rises 1.11% on Heavy Volume: Watch For Potential Pullback

By Nick Russo

Celanese Corp-A (NYSE:CE) traded in a range yesterday that spanned from a low of $101.87 to a high of $102.32. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $101.50 on volume of 615,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Celanese Corp-A share prices have moved between a 52-week high of $119.29 and a 52-week low of $82.91 and are now trading 23% above that low price at $101.98 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.2%.

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

Keywords: rebounders celanese corp-a

Ticker(s): CE