StockCall Scrutinizes Rentech, Eastman Chemical, Gevo, and Ashland
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For best results when printing this announcement, please click on the link below: http://pdf.reuters.com/pdfnews/pdfnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130401:nPn4018650 LONDON, April 1, 2013 /PRNewswire/ -- The chemical industry faced significant challenges in 2012 amid a slowdown in the global economy. While the operating environment remains challenging, chemical companies such as Rentech Inc. (NYSEAMEX: RTK), Eastman Chemical Company (NYSE: EMN), Gevo Inc. (NASDAQ: GEVO), and Ashland Inc. (NYSE: ASH) can expect things to improve in 2013. The industry is likely to benefit from a strong recovery in the U.S. and a rebound in Chinese economy. Europe will remain the weakest link for the industry. Chemical companies, however, will be hoping that growth in the U.S., China, as well as emerging markets, will offset the weakness in Europe. Chemicals stocks ended mostly higher in Thursday's trading session, tracking gains in the broad market. StockCall reviewed the Chemicals - Major Diversified industry and chose RTK, EMN, GEVO, and ASH for its technical coverage. These free reports can be seen for free at http://www.stockcall.com/signup Rentech Inc.'s shares edged higher in trading on Thursday, however, the gains were limited. The stock closed 0.43% higher at $2.35 on volume of 2.31 million after touching an intra-day high of $2.37. The company's shares have fallen sharply so far in 2013. Year-to-date, the stock is down more than 10%, compared to a gain of more than 10% for the S&P 500. Shares of RTK are trading more than 26% below their 52-week high of $3.18. The stock's MACD is currently trading below the signal line and the zero-line, which is a bearish signal. Download the free research on Rentech Inc. by signing up now at http://www.StockCall.com/RTK040113.pdf Shares of Eastman Chemical Company rose sharply in Thursday's trading session. The stock closed 1.16% higher at $69.87 after touching an intra-day high of $70.48. Eastman Chemical Co.'s shares are currently trading close to their 52-week high of $75.18. The stock has underperformed the broad market so far in 2013, gaining a little over 3%. Shares of EMN are also trading below their 50-day moving average. The stock's MACD is also trading below the signal and the zero-line. Eastman's shares currently face resistance at around $74. Register for today's free analysis on EMN at http://www.StockCall.com/EMN040113.pdf Gevo Inc.'s shares edged lower on Thursday even as the broad market gained. The stock ended the day 0.88% lower at $2.24 after touching an intra-day low of $2.18. Shares of the company gained more than 4.60% in the last three trading sessions, despite the pullback on Thursday. The stock has had an excellent run so far this year, gaining more than 45%. Despite the rally this year, Gevo's shares are still trading more than 78% below their 52-week high of $10.25. The company's shares are trading above their 50-day moving average, which is a bullish signal. The positive trend is further confirmed by the stock's MACD chart. Free report on GEVO can be accessed by registering a http://www.StockCall.com/GEVO040113.pdf Shares of Ashland Inc. rose sharply in trading on Thursday. The stock closed 2.12% higher at $74.30 after touching an intra-day high of $74.32. Despite the gains, the stock is down nearly 1.50% in the last three sessions. Ashland's shares crossed their 200-day moving average as a result of the sharp rise on Thursday. The stock is still trading below its 50-day moving average. The company's shares face resistance at around $82. The stock's MACD is trading below their 50-day and 200-day moving averages. Register with StockCall and download the research on ASH for free at http://www.StockCall.com/ASH040113.pdf About StockCall.com StockCall.com is a financial website where investors can have easy, precise and comprehensive research and opinions on stocks making the headlines. Sign up today to talk to our financial analyst at http://www.stockcall.com SOURCE StockCall.com Contact Person:William T. Knight, Email: email@example.com, Contact Number: +1(646)396-9857 (9:00 am EST - 01:30 pm EST)
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