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Watch for Celanese Corp-A to Potentially Pullback After Gaining 2.08% Yesterday

By Shiri Gupta

Celanese Corp-A (NYSE:CE) traded in a range yesterday that spanned from a low of $104.61 to a high of $106.76. Yesterday, the shares gained 2.1%, which took the trading range above the 3-day high of $104.96 on volume of 432,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is monitoring the recent change of momentum in Celanese Corp-A. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Celanese Corp-A in search of a potential trend change.

Over the past year, Celanese Corp-A has traded in a range of $60.59 to $114.00 and is now at $106.34, 76% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has remained constant.

Keywords: rebounders celanese corp-a

Ticker(s): CE