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LyondellBasell is showing strength as a chemical sector leader, with potential for upside to previous highs and clearing key moving averages. The company also offers a competitive dividend yield.
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With the 10-year Treasury yielding roughly 4.70%, only 16 companies in the S&P 500 offer a higher trailing dividend yield, which is the fewest since May 2007: 🎰 $VICI: 6.83% 🚬 $MO: 6.42% 🚗 $PGR: 6.40% 📦 $UPS: 6.38% 🧪 $LYB: 6.24% 🍅 $KHC: 6.23% 🥣 $GIS: 6.10% 💊 $PFE: 6.09% 🏥 $DOC: 5
Chemicals mostly moving well from what appears to be 40W cycle low. $LYB among leaders. -Added $CE Celanese today. Had daily 13 exhaustion & weekly 9 -Daily closing at 50 DMA (47) -50% upside just to reach May highs -Want to see it clear 200 DMA (~51) to flip ST trend -LT chemica
$LYB putting some shares into let it ride. Still have some trade shares. Price over all major ma's updated chart. https://t.co/jAZInFDDmC
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