Materials Sector Equities Technical Updates -- Research on Airgas, Ashland, Commercial Metals, and Banro

LONDON, June 5, 2014 /PRNewswire/ --

On Wednesday, June 4, 2014, the NASDAQ Composite ended at 4,251.64, up 0.41%, the Dow Jones Industrial Average advanced 0.09%, to finish the day at 16,737.53, and the S&P 500 closed at 1,927.88, up 0.19%. The gains were broad based with seven out of ten sectors ending the session in positive. The S&P 500 Materials Sector Index ended the day at 309.95, up 0.18%, with the index advancing 3.35% in the last one month. Investor-Edge has initiated coverage on the following equities: Airgas Inc. (NYSE: ARG), Ashland Inc. (NYSE: ASH), Commercial Metals Co. (NYSE: CMC) and Banro Corporation (NYSE MKT: BAA). Free technical research on ARG, ASH, CMC and BAA can be downloaded upon signing up at:

http://www.investor-edge.com/3467-register

On Wednesday, Airgas Inc.'s stock fluctuated between $106.59 and $107.55 before ending the session 0.41% higher at $107.42. The stock reported a trading volume of 0.25 million shares, below its three months average volume of 0.50 million shares. Shares of the company traded at a PE ratio of 22.58. Airgas Inc.'s shares have advanced 1.03% in the previous three trading sessions and 1.62% in the last one month, while the stock has fallen by 3.96% on YTD basis. The stock is trading above its 50-day and 200-day moving averages of $106.20 and $107.04, respectively. Moreover, shares of Airgas Inc. have a Relative Strength Index (RSI) of 54.57. Sign up today to read free research on ARG at:

http://www.investor-edge.com/3467-ARG-05Jun2014.pdf

Ashland Inc.'s stock edged 0.78% higher, to close the day at $105.01, hitting a new 52-week high of $105.06. The stock recorded a trading volume of 0.66 million shares, close to its three months average volume of 0.67 million shares. The stock oscillated between $103.73 and $105.06 during the session. Over the last three trading sessions and over the past one month, Ashland Inc.'s shares have gained 1.95% and 4.04%, respectively. Further, the stock has advanced 8.21% since the start of this year. The stock is trading above its 50-day and 200-day moving averages. Ashland Inc.'s 50-day moving average of $99.78 is above its 200-day moving average of $94.36. Additionally, the stock traded at a PE ratio of 10.41 and has an RSI of 63.18. Sign up today to read free research on ASH at:

http://www.investor-edge.com/3467-ASH-05Jun2014.pdf

On Wednesday, shares in Commercial Metals Co. recorded a trading volume of 0.63 million shares, lower than its three months average volume of 0.80 million shares. The stock ended the day at $17.57, which was 0.40% above its previous day's closing of $17.50, and registered an intraday range of $17.43 and $17.82. Shares of the company traded at a PE ratio of 32.48. Commercial Metals Co.'s stock has lost 1.01% in the previous three trading sessions, 10.63% in the last one month, and 13.58% on YTD basis. The company's stock is trading below its 50-day and 200-day moving averages of $18.93 and $18.53, respectively. Furthermore, shares of Commercial Metals Co. have an RSI of 32.52. Sign up today to read free research on CMC at:

http://www.investor-edge.com/3467-CMC-05Jun2014.pdf

Banro Corp.'s stock finished the Wednesday's session 0.62% lower at $0.40. A total of 0.25 million shares were traded, which was much below its three months average volume of 1.13 million shares. The stock vacillated between $0.40 and $0.41 during the session. Over the last one month and over the previous three months, Banro Corp.'s shares have declined 7.59% and 35.25%, respectively. Additionally, from the beginning of 2014, the company's stock has lost 27.70%. The company's shares are trading below their 50-day and 200-day moving averages. Moreover, the stock's 200-day moving average of $0.61 is greater than its 50-day moving average of $0.47. Banro Corp.'s stock has an RSI of 35.58. Sign up today to read free research on BAA at:

http://www.investor-edge.com/3467-BAA-05Jun2014.pdf


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EDITOR'S NOTES:
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