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

Sector: Basic Industries   Sub-Sector: Major Chemicals
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Tue, 27 Jun 2017NoneBearish EngulfingWed, 14 Jun 2017-0.68%
***Stock database and scans are updated around midnight (New York time) every trading day.
63.16 0.00 (0%) Jun 27 4:02pm EDT
Open: 63.10 Range: 62.56 - 63.86 Vol: 742.13K Avg Vol: 874.86K
EPS: 3.18 P/E ratio: 19.87 EBITDA: 1.16B Mkt Cap: 8.15B
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 64.05
Medium Term: Trading is Range Bound
Last Trade is above the 20 day moving average at 62.83
Last Trade is below the 50 day moving average at 63.50
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 58.93
* 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 80% of the time with an average daily volume of 874.9K shares being traded. The 50 day moving average, currently at 63.50, although still maintaining a bullish inclination, is however exhibiting characteristics of a medium term trading range. As the dominant long term trend is still up strongly, the high probability trade is still buying the dips. The 20 day moving average is in a trading range and is generally bucking the trend with a bearish bias. WLK was only able to maintain above the 20 SMA for 37.5% of the time in the last month of trading. Objectively, in a strong uptrend, the high probability strategy is to buy dips. A good area for traders who are considering taking a long position in WLK is near the 200 SMA currently at 58.93. 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 $71.43* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Tue, 27 Jun 2017
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