• Return to Headlines

Watch for Celanese Corp-A to Potentially Pullback After Gaining 2.79% Yesterday

By Nick Russo

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.

Celanese Corp-A share prices have moved between a 52-week high of $114.00 and a 52-week low of $60.59 and are now trading 84% above that low price at $111.33 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.4%.

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