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Bullish Moving Average Cross by Lyondellbasell-A (LYB)

By Shiri Gupta

Today, shares of Lyondellbasell-A (NYSE:LYB) have advanced above their 10-day MA of $43.38 on a volume of 121K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Lyondellbasell-A has traded in a range of $33.71 to $98.91 and is now at $43.99, 30% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 3.8%.

SmarTrend recommended that its subscribers protect gains by selling shares of Lyondellbasell-A on February 26th, 2020 by issuing a Downtrend alert when the shares were trading at $75.49. Since that call, shares of Lyondellbasell-A have fallen 46.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses lyondellbasell-a

Ticker(s): LYB