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Westlake Chemica Shares Down 28.4% Since SmarTrend's Sell Call (WLK)

By Nick Russo

SmarTrend identified a Downtrend for Westlake Chemica (NYSE:WLK) on June 13th, 2018 at $113.32. In approximately 4 months, Westlake Chemica has returned 28.36% as of today's recent price of $81.18.

Over the past year, Westlake Chemica has traded in a range of $79.08 to $124.30 and is now at $81.18, 3% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 2.2%.

Westlake Chemical Corporation manufactures and markets basic chemicals, vinyls, polymers, and fabricated products. The Company serves a range of consumer and industrial markets, including flexible and rigid packaging, automotive products, coatings, and residential and commercial construction.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Westlake Chemica.

Log in and add Westlake Chemica (WLK) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights westlake chemica

Ticker(s): WLK