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Watch for Lyondellbasell-A to Potentially Pullback After Gaining 2.80% Yesterday

By Nick Russo

Lyondellbasell-A (NYSE:LYB) traded in a range yesterday that spanned from a low of $83.94 to a high of $86.17. Yesterday, the shares gained 2.8%, which took the trading range above the 3-day high of $86.00 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.

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

Over the past year, Lyondellbasell-A has traded in a range of $68.61 to $110.69 and is now at $85.91, 25% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 1%.

Keywords: rebounders lyondellbasell-a

Ticker(s): LYB