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Stock Investors Bid Up Shares of Eastman Chemical, Up 1.2%

Published on Wed, 02/13/2013 - 11:33
By Mallory Stone

One of today's stocks on the move is Eastman Chemical (NYSE:EMN), up 1.2% to $74.82. The Dow is trading fractionally lower to 13,998 and the S&P is currently trading fractionally higher to 1,522.

Eastman Chemical Company is an international chemical company which produces chemicals, fibers, and plastics. The Company's operations include coatings, adhesives, specialty polymers, and Inks, fibers, performance chemicals and intermediates, performance polymers, and specialty plastics.

There is potential upside of 9.3% for shares of Eastman Chemical based on a current price of $74.82 and an average consensus analyst price target of $81.79. The stock should discover initial support at its 50-day moving average (MA) of $68.34 and subsequent support at its 200-day MA of $56.85.

In the past 52 weeks, Eastman Chemical share prices have been bracketed by a low of $41.54 and a high of $74.82 and are now at $74.82, 80% above that low price. The 200-day and 50-day moving averages have moved 0.56% higher and 1.24% higher over the past week, respectively.

By Mallory Stone
mstone@fnno.com