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Celanese Trading Higher Today on Above-Average Volume, Consistent With Trend (CE)

By Amy Schwartz

Celanese's stock is up 6.6% to $67.76 on heavy trading volume. Today's volume of 1.2 million shares tops the average 30-day volume of 940,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend is tracking the current trend status for Celanese and will alert subscribers who have CE in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, Celanese share prices have been bracketed by a low of $54.35 and a high of $74.55 and are now at $67.97, 25% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.4%.

Keywords: unusual volume Celanese

Ticker(s): CE