user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 464178 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.

Eastman Chemical Bearish Moving Average Crossover Alert (EMN)

Published on Thu, 03/21/2013 - 11:12
By Mallory Stone

Today, shares of Eastman Chemical (NYSE:EMN) have crossed bearishly below their 10-day moving average of $72.66 on a volume of 798K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Potential upside of 15.4% exists for Eastman Chemical, based on a current level of $71.03 and analysts' average consensus price target of $82.00. The stock should hit resistance at its 50-day moving average (MA) of $71.73, as well as support at its 200-day MA of $59.66.

Eastman Chemical share prices have moved between a 52-week high of $75.18 and a 52-week low of $41.54 and are now trading 71% above that low price at $71.03 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.3%.

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.

By Mallory Stone
mstone@fnno.com

Latest News from FNNO

Recent 52-Week High Exceeded in Shares o...

Verint Systems (NASDAQ:VRNT) traded at a new 52-week high today of $57.08. So far toda ...

Ternium: New 52-Week Low Set Today (TX)...

Ternium (NYSE:TX) traded today at a new 52-week low of $23.64. So far today approximat ...

TTM Technologies: New 52-Week Low Set To...

Shares of TTM Technologies (NASDAQ:TTMI) traded today at $6.71, breaking its 52-week lo ...

Watch for Continued Gains in Shares of T...

Shares of Teekay (NYSE:TK) traded today at $67.98, breaking its 52-week high. Approxim ...

Shares of TICC Capital Fall Below Previo...

Shares of TICC Capital (NASDAQ:TICC) traded today at $8.83, breaking its 52-week low. ...

Shares of Syngenta Fall Below Previous 5...

Syngenta (NYSE:SYT) traded at a new 52-week low today of $63.26. So far today approxim ...

Sohu.com: The Losing Streak Continues (S...

Shares of Sohu.com (NASDAQ:SOHU) traded today at $50.75, breaking its 52-week low. So ...

Synchronoss Technologies: The Winning St...

Synchronoss Technologies (NASDAQ:SNCR) traded today at a new 52-week high of $46.74. T ...