Country Icon

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

Sector: Basic Industries   Sub-Sector: Major Chemicals
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 17 Nov 2017NoneBullish EngulfingMon, 13 Nov 2017-0.47%
***Stock database and scans are updated around midnight (New York time) every trading day.
93.51 0.00 (0%) Nov 17 4:00pm EST
Open: 92.85 Range: 92.45 - 94.17 Vol: 887.45K Avg Vol: 807.59K
EPS: 3.50 P/E ratio: 24.27 EBITDA: 1.33B Mkt Cap: 10.96B
Analyze "WLK" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 92.70
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 88.61
Last Trade is above the 50 day moving average at 84.96
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 70.93
* 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 807.6K shares being traded. In the medium term, the 50 day moving average, currently at 84.96 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 92.5% 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 84.96 and 70.93 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 $87.53* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 17 Nov 2017
Basic Industries Stocks Above 200 Day Moving-Average
TickerNameTrend AnalysisSupport/Resistance
SYNLSynalloy CorporationBuy, Sell or HoldTrading Levels & Pivots
CADCChina Advanced Construction Materials Group, Inc.Buy, Sell or HoldTrading Levels & Pivots
HYGSHydrogenics CorporationBuy, Sell or HoldTrading Levels & Pivots
CERPCereplast, Inc.Buy, Sell or HoldTrading Levels & Pivots
PUREPURE Bioscience, Inc.Buy, Sell or HoldTrading Levels & Pivots
FSTRL.B. Foster CompanyBuy, Sell or HoldTrading Levels & Pivots
IOSPInnospec Inc.Buy, Sell or HoldTrading Levels & Pivots
SDIXStrategic Diagnostics Inc.Buy, Sell or HoldTrading Levels & Pivots
SHLMA. Schulman, Inc.Buy, Sell or HoldTrading Levels & Pivots
CHNRChina Natural Resources, Inc.Buy, Sell or HoldTrading Levels & Pivots