StockCall Early Morning Insight into Eastman Chemical, Rentech, and Ashland Chemical Stocks Remain Range-bound PR Newswire LONDON, March 1, 2013 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 http://www.stockcall.com/todaysopinions 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 http://www.StockCall.com/RTK030113.pdf 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 About StockCall.com StockCall.com 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 http://www.stockcall.com SOURCE StockCall.com Contact: William T. Knight, Email: email@example.com, Contact Number: +1-646-396-9857 (9:00 am EST - 01:30 pm EST)
StockCall Early Morning Insight into Eastman Chemical, Rentech, and Ashland
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