StockCall.com Provides Stock Research on Rentech Inc., Eastman Chemical Co., Gevo Inc., and Ashland Inc.
New York City, New York -- (May 01, 2013)
2012 was a challenging year for the chemicals industry as slowdown in the global economy hurt demand for chemical products. Although the global economy showed signs of improvement at the start of this year, recent data from the U.S., China and the Eurozone suggest that there is still some way to go before a full recovery. 2013, therefore, is likely to be another challenging year for the chemicals industry. Chemical stocks ended on a mixed note yesterday, even as the broad market posted gains. Among the major movers in the sector were Rentech Inc. (AMEX: RTK), Eastman Chemical Company (NYSE: EMN), Gevo Inc. (NASDAQ: GEVO), and Ashland Inc. (NYSE: ASH). StockCall analysts initiated preliminary technical research on RTK, EMN, GEVO, and ASH. These free reports are accessible by signing today at
Shares of Rentech Inc. slipped in trading on Tuesday, extending their gains from previous trading sessions. The stock closed 0.48% higher at $2.07 on volume of 3.33 million, taking its gains in the last three trading sessions to over 2.30%. Rentech’s shares have fallen nearly 21.30% so far in 2013 even as the broad market has rallied. The stock is trading nearly 35% below its 52-week high. Shares of RTK have been facing stiff resistance at around $2.20. The stock currently has support at around $2. The free technical analysis on RTK is available by signing up at
Eastman Chemical Company’s shares fell sharply in yesterday’s trading session, extending their losses from previous trading sessions. The stock fell to an intra-day low of $66.63 before finishing the day 2.37% lower at $66.65 on above average volume of 2.37 million. The company’s shares have now fallen more than 8.20% in the last three sessions. Year-to-date, the stock is now down more than 1.60% as compared to a gain of over 12% for the S&P 500. Shares of EMN have also slipped below their 50-day moving average as a result of the recent sell-off. This is a bearish signal. Register now to download the free research on EMN at
Shares of Gevo Inc. continued to rally in trading on Tuesday. The stock touched an intra-day high of $1.92 before finishing the day 3.07% higher at $1.85 on above average volume of 1.78 million. Gevo’s shares have now gained more than 9.80% in the last three sessions. The stock’s MACD has just crossed above the signal line which is a bullish signal. Year-to-date, the stock has now gained more than 20%, outperforming the S&P 500. Despite the recent gains, the stock is still trading nearly 82% below its 52-week high. Free report on GEVO can be accessed by registering at
Shares of Ashland Inc. edged lower in Tuesday’s trading session. The stock ended the day 0.32% lower at $85.21 on volume of 1.1 million. In the last three sessions, Ashland’s shares have now fallen nearly 2%. Despite the recent losses, the stock is still up more than 6.20% for the year. Shares of ASH are also trading well above their 50-day and 200-day moving averages. However, the stock’s MACD chart suggests that market sentiment has turned bearish recently.Register withStockCall and download the research on ASH for free at
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William T. Knight
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