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Look for Shares of Lyondellbasell-A to Potentially Rebound after Yesterday's 1.27% Sell Off

By Amy Schwartz

Lyondellbasell-A (NYSE:LYB) traded in a range yesterday that spanned from a low of $108.85 to a high of $111.20. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $109.86 on volume of 513,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Lyondellbasell-A on February 2nd, 2018 by issuing a Downtrend alert when the shares were trading at $114.68. Since that call, shares of Lyondellbasell-A have fallen 3.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, Lyondellbasell-A share prices have been bracketed by a low of $69.82 and a high of $121.95 and are now at $109.12, 56% 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