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SmarTrend Watching for Potential Pullback in Shares of Celanese Corp-A After 2.79% Gain

By Shiri Gupta

Celanese Corp-A (NYSE:CE) traded in a range yesterday that spanned from a low of $108.51 to a high of $111.76. Yesterday, the shares gained 2.8%, which took the trading range above the 3-day high of $110.00 on volume of 599,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Celanese Corp-A have traded between a low of $60.59 and a high of $114.00 and are now at $111.33, which is 84% above that low price. The 200-day and 50-day moving averages have moved 0.13% higher and 1.37% higher over the past week, respectively.

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

Keywords: rebounders celanese corp-a

Ticker(s): CE