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Strength seen in Celanese Corporation (CE): Stock Soars 9%
October 19, 2016

CE CC

Trades from $3

Celanese Corporation (CE - Free Report) was a big mover last session, as the company saw its shares rise over 9% on the day. The upside was driven after the company reported better-than-expected third-quarter 2016 earnings. The news also led to far more shares changing hands than in a normal session, resulting in solid volume. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $61.76 to $66.58 in the past one-month time frame.

The company has seen one positive estimate revision over the last 30 days, while its Zacks Consensus Estimate moved lower suggesting trouble down the road. So, make sure to keep an eye on this stock going forward to see if this recent move higher can last.

Celanese Corporation has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

A better-ranked stock in the same industry is The Chemours Company (CC - Free Report) , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is CE going up? Or down? Predict to see what others think: Up or Down

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