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Lyondellbasell-A Rises 2.98% on Heavy Volume: Watch For Potential Pullback

By Nick Russo

Lyondellbasell-A (NYSE:LYB) traded in a range yesterday that spanned from a low of $86.40 to a high of $88.90. Yesterday, the shares gained 3.0%, which took the trading range above the 3-day high of $86.31 on volume of 1.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Lyondellbasell-A share prices have moved between a 52-week high of $116.63 and a 52-week low of $73.94 and are now trading 20% above that low price at $88.64 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.3%.

SmarTrend recommended that subscribers consider buying shares of Lyondellbasell-A on June 4th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $81.64. Since that recommendation, shares of Lyondellbasell-A have risen 5.2%. We continue to monitor LYB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders lyondellbasell-a

Ticker(s): LYB