Country Icon

Westlake Chemical Corporation (WLK) - Buy, Sell or Hold?

Sector: Basic Industries   Sub-Sector: Major Chemicals
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Thu, 19 Oct 2017Bullish EngulfingBearish EngulfingWed, 04 Oct 20170.26%
***Stock database and scans are updated around midnight (New York time) every trading day.
83.87 0.00 (0%) Oct 20 10:17am EDT
Open: 84.39 Range: 83.83 - 84.70 Vol: 69K Avg Vol: 799.75K
EPS: 3.50 P/E ratio: 24.01 EBITDA: 1.33B Mkt Cap: 10.84B
Analyze "WLK" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 83.88
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 83.68
Last Trade is above the 50 day moving average at 78.64
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 68.08
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of WLK

Stock Trend Analysis - Buy, Sell or Hold "Westlake Chemical Corporation" (WLK)?

WLK is in a very strong uptrend. In the last 52 weeks, WLK has been trading above the 200 day moving average for 100% of the time with an average daily volume of 799.7K shares being traded. In the medium term, the 50 day moving average, currently at 78.64 for WLK is also very bullish, indicating good swing trading opportunities for longs. This bullish stance is further reinforced by WLK's ability to stay over the 20 day moving average for more than 97.5% of the time in the last 2 months of trading. There is however a possibility of profit taking setting in and it may be prudent to lighten up on strength and re-enter during a retracement. Good places to re-enter WLK are at the 50 and 200 SMAs currently at 78.64 and 68.08 respectively. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "WLK".

The analyst consensus estimates for the 1 year price target for this stock is $85.57* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Thu, 19 Oct 2017
Basic Industries Stocks Above 200 Day Moving-Average
TickerNameTrend AnalysisSupport/Resistance
AINAlbany International CorporationBuy, Sell or HoldTrading Levels & Pivots
KBRKBR, Inc.Buy, Sell or HoldTrading Levels & Pivots
SCLStepan CompanyBuy, Sell or HoldTrading Levels & Pivots
CMCCommercial Metals CompanyBuy, Sell or HoldTrading Levels & Pivots
USLMUnited States Lime & Minerals, Inc.Buy, Sell or HoldTrading Levels & Pivots
GVAGranite Construction IncorporatedBuy, Sell or HoldTrading Levels & Pivots
BIOFBioFuel Energy Corp.Buy, Sell or HoldTrading Levels & Pivots
CSLCarlisle Companies IncorporatedBuy, Sell or HoldTrading Levels & Pivots
GLWCorning IncorporatedBuy, Sell or HoldTrading Levels & Pivots
FMCFMC CorporationBuy, Sell or HoldTrading Levels & Pivots