Trade-Ideas: Celanese (CE) Is Today's New Lifetime High Stock

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified Celanese ( CE) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Celanese as such a stock due to the following factors:

  • CE has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $47.5 million.
  • CE has traded 21,881 shares today.
  • CE is trading at a new lifetime high.

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More details on CE:

Celanese Corporation, a technology and specialty materials company, manufactures and sells value-added chemicals, thermoplastic polymers, and other chemical-based products worldwide. The stock currently has a dividend yield of 1.8%. CE has a PE ratio of 16. Currently there are 4 analysts that rate Celanese a buy, 1 analyst rates it a sell, and 7 rate it a hold.

The average volume for Celanese has been 989,900 shares per day over the past 30 days. Celanese has a market cap of $10.3 billion and is part of the basic materials sector and chemicals industry. The stock has a beta of 1.40 and a short float of 3.6% with 5.34 days to cover. Shares are up 13.9% year-to-date as of the close of trading on Wednesday.

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