StockCall Scrutinizes Rentech, Eastman Chemical, Gevo, and Ashland

Mon Apr 1, 2013 8:01am EDT

* Reuters is not responsible for the content in this press release.

For best results when printing this announcement, please click on the link

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

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

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

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

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

About 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   


Contact Person:William T. Knight, Email:, Contact Number:
+1(646)396-9857 (9:00 am EST - 01:30 pm EST)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.