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Watch for Celanese Corp-A to Potentially Pullback After Gaining 2.01% Yesterday

By Amy Schwartz

Celanese Corp-A (NYSE:CE) traded in a range yesterday that spanned from a low of $125.43 to a high of $126.93. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $124.82 on volume of 284,000 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 subscribers consider buying shares of Celanese Corp-A on August 20th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $111.46. Since that recommendation, shares of Celanese Corp-A have risen 11.4%. We continue to monitor CE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Celanese Corp-A share prices have moved between a 52-week high of $126.93 and a 52-week low of $82.91 and are now trading 53% above that low price at $126.76 per share. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.7%.

Keywords: rebounders celanese corp-a

Ticker(s): CE