Shares of Huntsman Receive a Boost, Up 2.0%

Published on Mon, 07/13/2015 - 13:37
By Robert Cotter in Market movers, HUN, huntsman, market movers, nyse:hun

Up 2.0% to $21.56, Huntsman (NYSE:HUN), is one of today's notable movers. The Dow is up 1.0% to 17,936 and the S&P is currently up 0.9% to 2,095.

Huntsman share prices have moved between a 52-week high of $29.33 and a 52-week low of $20.36 and are now trading 6% above that low price at $21.56 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.8% while the 200-day MA has slid 0.7%.

Huntsman Corporation manufactures differentiated and commodity chemical products. The Company markets a broad range of chemical products and formulations to a diversified group of consumer and industrial customers. Huntsman's products are used in a range of applications, including those in adhesives, aerospace, automotive, construction products, and consumer products.

Huntsman has overhead space with shares priced $21.56, or 26.0% below the average consensus analyst price target of $29.15. The stock should run into initial resistance at its 50-day moving average (MA) of $22.55 and subsequent resistance at its 200-day MA of $23.10.

By Robert Cotter
rcotter@fnno.com

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