LyondellBasell Industries (NYSE: LYB) Rating Reiterated at RBC Capital Markets

LyondellBasell Industries (NYSE: LYB) had its Hold rating reiterated by equities researchers at RBC Capital Markets in a research note to investors. With a rating of Hold on the shares, LyondellBasell Industries has a 52-week high of $98.25. A number of other analysts have spoken on the company recently, and the company has earned a consensus one-year price target of $88.39, higher than the opening price of $78.71, a difference of 11.40 percent. Share prices sometimes get a boost to the upside when analysts reiterate coverage.

U.S. stocks closed higher Tuesday as investors anticipate the results of meetings from the Federal Reserve and the Bank of Japan.

The Dow Jones Industrial Average DJIA, +0.05% rose 9.79 points, or less than 0.1%, to close at 18,129.96.

The S&P 500 index SPX, +0.03% advanced 0.64 points to finish at 2,139.76, led by gains in the health-care and consumer-staples sectors.

The Nasdaq Composite index COMP, +0.12% gained 6.33 points, or 0.1%, to close at 5,241.35.

Yesterday LyondellBasell Industries (NYSE: LYB) shares last traded at $77.54, which represents a decrease of $0.90 over the previous closing price. Opening at $78.71, they fluctuated from $77.47 and $78.99 throughout the day.

LyondellBasell Industries (NYSE: LYB) now has a market cap of 32.24B.

2,835,725 shares crossed the trading desk yesterday, 83 percent below the average, out of a total float 337,632,000. Swing traders often use upticks in trading volume to identify substantial volume accumulation or dissemination by institutional investors, so trading volume is likely to increase in the next few days.

While increased trading for short periods will not mean much, however, a trend of heavy trading volume on the buy side over a series of days or weeks delivers a positive indicator to market traders that institutions may be moving in, so institutional sponsorship is crucial.

Institutional sponsorship is defined by ownership of a stock by mutual funds, banks, pension funds and other large institutions.

These professional investors retain substantial teams of analysts that investigate thousands of stocks. Thus, watching their interests is a good way to ensure you are buying the right stocks.

Traders are able to make make educated trades when they track the activity of professional investors.

Trades for LyondellBasell Industries (NYSE: LYB) have ranged from $69.10 – 98.25, and the stock now has a 50-day MA of $77.16 and 200-day MA of $80.69. Today’s last price is 0.21% below the 52 week high of $98.25.

Earnings growth is a crucial factor to look at when buying stocks and investors look for companies that have grown their earnings by at least 25% over a 3 year period.

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