Last updated on April 20, 2014 at 8:28 EDT

StockCall Early Morning Insight into Eastman Chemical, Rentech, and Ashland

March 1, 2013

Chemical Stocks Remain Range-bound

LONDON, March 1, 2013 /PRNewswire/ –

With the fear of Sequestration still looming around, the markets gave up their early
day’s gains to end the session in the red zone. A report also suggested that following
spending cuts by companies, the economy grew at a slow rate during the fourth quarter. The
Dow Jones ended the day 0.15 percent lower at 14,054.49, while the S&P 500 closed at
1,514.68, down 0.09 percent. NASDAQ also followed suit to end the day at 3,160.19, down
0.07 percent. Our research team took a closer look at the chemical sector and selected
major companies like Eastman Chemical Company (NYSE: EMN), Rentech Inc. (NYSE: RTK) and
Ashland Inc. (NYSE: ASH) for review. StockCall has issued technical analysis and charting
reports on EMN, RTK and ASH. Download these free reports now at


Eastman Chemical’s stock closed at $69.73, 1.50 percent down. The stock traded in the
range of $69.72 and $71.22 during the session and is currently below it 20-day moving
average price of $69.95. Eastman Chemical gained 2.47 percent so far this year. Its
Price/Earnings ratio is 22.94. The company’s stock is in a neutral phase and its first
resistance level is at $71.03. On the downside, its first support is at $69.61. Upon
breaching this level, its second support level is at $60.96. Download the free research on
EMN today by registering at http://www.StockCall.com/EMN030113.pdf

With a sharp upward movement in its previous trading session, Rentech is up 3.8
percent for the year. It has gained 49.18 percent in the past 52 weeks. The stock closed
3.8 percent higher at $2.73 on volume of 8.17 million shares. Its average trading volume
stands at 2.65 million shares. Rentech’s shares currently face resistance at around $2.80.
The stock has support at around $2.67. It is currently trading below its 20-day and 50-day
moving averages, which is a neutral signal. The company’s traded in the range of $1.60 and
$3.18 in the previous 52 weeks. Sign up and have access to our free report on RTK at


Ashland traded in the range of $77.73 and $78.66 during its previous trading session.
It opened at $78.42 and closed at $77.97, down 0.52 percent. The stock is currently in a
neutral mode and has its first resistance level at $78.77. Upon breaching this level,
Ashland may go as high as $80.70. It traded 926,000 shares and it is below its 20-day
moving average price. Its first support level is at $77.74. So far in 2013, the stock is
down 3.03 percent, while it gained 23.64 percent in the past 52 weeks. It is trading at
Price/Earnings ratio of 86.63 and its beta stands at 2.73. Sign up and read the
complimentary report on ASH at http://www.StockCall.com/ASH030113.pdf

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Source: PR Newswire