Celanese Corp Hits New 52-Week High at $57.00

Many traders and investors see the 52-week high or low as an important indicator.

Stocks that have a long-term trend in a certain direction are likely to continue, as that trend is the path of least resistance.

In this case, shares of Celanese (NYSE: CE) are hitting new 52-week highs. Traders and investors believe this to be a positive indicator that the stock will continue its trend.