Moving Average Alert: Celanese (CE)

Celanese Corporation From a technical perspective, CE appears to be an interesting choice as the company sees positive trends on the moving average crossover front. Recently, the 50-day moving average for CE broke out above the 200-day simple moving average, indicating a short-term uptrend.

This has already started, with the stock up 13.4% in the last four weeks. Additionally, the company currently has a Zacks Rank #1 (Strong Buy), suggesting that now could definitely be the time for this breakthrough candidate.

There could be greater optimism, especially if investors consider what has happened recently with CE’s earnings estimate revisions. No estimate is lower in the last two months, compared to eight higher, while the consensus estimate has also increased.

Given this change in estimates and positive technical factors, investors may want to keep a close eye on this breakout candidate for further gains in the near term. You can see You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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