Market Technicals Simplified: Rentech, Eastman Chemical, Ashland, and Gevo

LONDON, January 2, 2014 /PRNewswire/ --

On Tuesday, December 31, 2013, the U.S. equity market finished the year on a positive note. The S&P 500 ended the day at 1,848.36, up 0.40%; the Dow Jones Industrial Average closed at 16,576.66, up 0.44%; and the NASDAQ Composite Index finished at 4,176.59, up 0.54%. The S&P 500 Materials Sector Index closed the session at 291.64, up 0.26%; and the S&P 500 Oil, Gas and Consumable fuels Industry Group Index gained 0.88% to close at 667.56. Additionally, the S&P 500 Chemicals Industry Index closed 0.30% higher at 465.65. The major movers in the materials sector included Rentech Inc. (NASDAQ: RTK), Eastman Chemical Co. (NYSE: EMN), Ashland Inc. (NYSE: ASH), and Gevo Inc. (NASDAQ: GEVO). All these companies are tracked by AAAResearchReports.com. Free technical research on RTK, EMN, ASH, and GEVO can be downloaded upon signing up at:

http://www.aaaresearchreports.com/register/  

Rentech Inc.'s stock rose 1.16% on Tuesday, tracking gains in the US equity market. The company's shares ended the day at $1.75, after oscillating between $1.69 and $1.76 during the trading session. A total of 1.79 million shares were traded, which is below the daily average volume 2.24 million. The company's shares have remained flat in the previous three trading sessions, underperforming the S&P 500, which has gained 0.34% during the same period. Further, Rentech Inc.'s stock is trading below its 50-day and 200-day moving averages of $1.77 and $2.04, respectively. Sign up and read the complimentary report on RTK at:

http://www.AAAResearchReports.com/RTK010214.pdf

Eastman Chemical Co.'s stock posted gains on Tuesday, finishing the day 1.00% higher from the previous day's closing price of $79.90. The company's shares vacillated between $79.84 and $80.84, before closing the day at $80.70. A total of 2.19 million shares were traded, which is above the daily average volume of 1.65 million. Eastman Chemical Co.'s shares have advanced 2.19% in the previous three trading sessions and 4.76% in the last one month, outperforming the S&P 500, which has gained 0.34% and 2.36% during the respective periods. Furthermore, the company's stock is trading above its 50-day and 200-day moving averages of $77.31 and $74.61, respectively. The free report on EMN can be downloaded by signing up now at:

http://www.AAAResearchReports.com/EMN010214.pdf

Shares in Ashland Inc. closed the day at $97.04, up 0.50%, after fluctuating between $96.09 and $97.27 during Tuesday's trading session. A total of 0.36 million shares were traded, which is below the daily average volume of 0.70 million. The company's shares have gained 0.48% in the previous three trading sessions and 6.54% in the last one month, outperforming the S&P 500, which has gained 0.34% and 2.36% during the respective periods. Moreover, Ashland Inc.'s stock is trading near its 52-week high of $97.68 and also above its 50-day and 200-day moving averages of $92.26 and $87.76, respectively. A free report on ASH can be accessed by registering at:

http://www.AAAResearchReports.com/ASH010214.pdf

Gevo Inc.'s stock advanced 0.70% on Tuesday, finishing the day at $1.43, after vacillating between $1.40 and $1.45 during the trading session. A total of 1.03 million shares were traded, which is below the daily average volume of 1.23 million. The company's shares have gained 6.72% in the previous three trading sessions, outperforming the S&P 500, which has gained 0.34% during the same period. However, Gevo Inc.'s stock is trading below its 50-day and 200-day moving averages of $1.53 and $1.80, respectively. Register with AAA Research Reports and download research on GEVO for free at:

http://www.AAAResearchReports.com/GEVO010214.pdf

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SOURCE AAA Research Reports

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