Chemical Stocks Technical Briefing -- Research on Eastman Chemical, Praxair, Celanese, and Air Products & Chemicals

LONDON, April 2, 2014 /PRNewswire/ --

On Tuesday, April 1, 2014, the NASDAQ Composite ended at 4,268.04, up 1.64%, the Dow Jones Industrial Average finished 0.46% higher at 16,532.61, and the S&P 500 closed at 1,885.52, up 0.70%. The gains were broad based with eight out of ten sectors ending the session on a positive note. The S&P 500 Materials Sector Index advanced 0.66% to finish the day at 300.33, and the same has gained 1.25% in last one month. Investor-Edge has initiated coverage on the following equities: Eastman Chemical Co. (NYSE: EMN), Praxair Inc. (NYSE: PX), Celanese Corp. (NYSE: CE) and Air Products & Chemicals Inc. (NYSE: APD). Free technical research on EMN, PX, CE and APD can be downloaded upon signing up at:

http://www.investor-edge.com/706-register


On Tuesday, shares in Eastman Chemical Co. edged 0.10% lower to close the day at $86.12. The stock recorded trading volume of 1.49 million shares as compared to a three months average volume of 1.63 million shares. The stock oscillated between $85.35 and $87.39 during the trading session. The company's stock traded at a PE ratio of 13.37. Eastman Chemical Co.'s shares have gained 2.05% in the previous three trading sessions and 6.72% on YTD basis, while the same has declined 1.50% in the last one month. The stock is trading above its 50-day and 200-day moving averages of $82.51 and $78.41, respectively. Furthermore, the stock has a Relative Strength Index (RSI) of 57.80. Sign up today to read free research on EMN at:

http://www.investor-edge.com/706-EMN-02Apr2014.pdf


Praxair Inc.'s stock recorded a trading volume of 0.91 million shares, as compared with a three months average volume of 1.30 million shares. The stock ended the day at $131.06, up 0.07%, after vacillating between $130.40 and $132.70. Shares of the company traded at a PE ratio of 21.72. Praxair Inc.'s shares have advanced 1.75% in the previous three trading sessions, 0.53% in the last one month and 0.79% on YTD basis. The company's stock is trading above its 50-day and 200-day moving averages of $129.27 and $123.83, respectively. Moreover, shares of the company have an RSI of 52.15. Sign up today to read free research on PX at:

http://www.investor-edge.com/706-PX-02Apr2014.pdf


On Tuesday, shares in Celanese Corp. finished the session 0.94% higher at $56.03. A total of 0.79 million shares were traded, which is below the three months average volume of 1.14 million shares. The stock fluctuated between $55.51 and $56.18 during the session. Shares of the company traded at a PE ratio of 402.42. Celanese Corp.'s stock has gained 4.63% in the previous three trading sessions, 4.94% in the last one month and 1.30% on YTD basis. The stock is trading above its 50-day and 200-day moving averages of $52.95 and $52.19, respectively. Further, the stock has an RSI of 61.34. Sign up today to read free research on CE at:

http://www.investor-edge.com/706-CE-02Apr2014.pdf


Shares in Air Products & Chemicals Inc. reported a trading volume of 0.78 million shares, as compared with a three months average volume of 1.32 million shares. The stock ended the day at $120.00, up 0.81% and at an intraday range of $118.93 and $120.01. The company's stock traded at a PE ratio of 21.66. Air Products & Chemicals Inc.'s shares have advanced 1.32% in the previous three trading sessions and 7.35% on YTD basis, while the stock has declined 1.09% in the last month. The stock is trading above its 50-day and 200-day moving averages of $115.64 and $107.94, respectively. Furthermore, the stock has an RSI of 50.25. Sign up today to read free research on APD at:

http://www.investor-edge.com/706-APD-02Apr2014.pdf


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EDITOR'S NOTES:
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