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Shares of Huntsman Receive a Boost, Up 2.0%

Published on Tue, 03/26/2013 - 10:20
By Adrienne Chilton

Huntsman (NYSE:HUN) is a company whose shares are active, trading 2.0% higher to $18.86. The Dow Jones Industrial Average is now trading 0.5% higher to 14,528 and the S&P is trading 0.4% higher to 1,558.

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 share prices have moved between a 52-week high of $19.51 and a 52-week low of $10.98 and are now trading 72% above that low price at $18.86 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has risen 0.7%.

Huntsman (NYSE:HUN) defies analysts with a current price ($18.86) 0.4% above its average consensus price target of $18.78. The stock should find initial support at its 50-day moving average (MA) of $18.04 and further support at its 200-day MA of $15.55.

By Adrienne Chilton
achilton@fnno.com