Wacker Chemie (OTCMKTS:WKCMF) Share Price Passes Above 50-Day Moving Average – Time to Sell?

Wacker Chemie AG (OTCMKTS:WKCMFGet Free Report) shares passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $79.10 and traded as high as $84.37. Wacker Chemie shares last traded at $84.37, with a volume of 60 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on WKCMF. Deutsche Bank Aktiengesellschaft lowered shares of Wacker Chemie from a “hold” rating to a “sell” rating in a research note on Monday, November 24th. Morgan Stanley cut shares of Wacker Chemie from an “overweight” rating to an “underweight” rating in a report on Wednesday, September 17th. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Read Our Latest Stock Report on WKCMF

Wacker Chemie Stock Performance

The business’s fifty day moving average price is $79.10 and its 200-day moving average price is $77.27.

About Wacker Chemie

(Get Free Report)

Wacker Chemie AG is a German chemical company founded in 1914 and headquartered in Munich. As a publicly traded entity, the company develops, produces and markets a wide range of chemical and biochemical products for industrial applications. With a global footprint that spans Europe, the Americas and Asia, Wacker Chemie serves customers in sectors such as construction, automotive, electronics, pharmaceuticals and renewable energy.

The company’s portfolio is structured around four core business divisions.

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