CE Makes Notable Cross Below Critical Moving Average

In trading on Monday, shares of Celanese Corp (CE) crossed below their 200 day moving average of $44.12, changing hands as low as $43.96 per share. Celanese Corp shares are currently trading off about 4.5% on the day. The chart below shows the one year performance of CE shares, versus its 200 day moving average:

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Celanese Corp  200 Day Moving Average Chart

Looking at the chart above, CE's low point in its 52 week range is $32.77 per share, with $51.58 as the 52 week high point — that compares with a last trade of $44.11.

According to the ETF Finder at ETF Channel, CE makes up 2.30% of the Dynamic Basic Materials Sector Portfolio ETF ( PYZ) which is trading lower by about 2.8% on the day Monday.

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