Look for Shares of LyondellBasell Industries to Potentially Pullback after Yesterday's 2.08% Rise
LyondellBasell Industries (NYSE:LYB) traded in a range yesterday that spanned from a low of $81.10 to a high of $82.75. Yesterday, the shares gained 2.1%, which took the trading range above the 3-day high of $81.59 on volume of 1.2 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 its subscribers protect gains by selling shares of LyondellBasell Industries on April 29th, 2016 by issuing a Downtrend alert when the shares were trading at $83.83. Since that call, shares of LyondellBasell Industries have fallen 4.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
LyondellBasell Industries share prices have moved between a 52-week high of $107.32 and a 52-week low of $69.10 and are now trading 19% above that low price at $82.19 per share. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.4%.
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