Westlake Chemical is trading in a bullish trend and several arguments could help a continuation of this trend.

From a fundamental viewpoint, the company is strong. The Thomson Reuters consensus revised regularly upward EPS estimates of the company for the current year.

Technical patterns are in the green: prices are up for several months. The movement should continue in the coming trading sessions if the stock crosses the USD 98.25 resistance.

In consequence, investors can take a long position in Westlake Chemical after the breakout of the USD 98.25. A new bullish fluctuation could lead the security toward the slant around USD 105. A stop loss will be set under the 20-day moving average below USD 95.