Pre-Market Analysis on Praxair, Celanese, Stillwater Mining, and North American Palladium

    Pre-Market Analysis on Praxair, Celanese, Stillwater Mining, and North
                              American Palladium

PR Newswire

LONDON, April 18, 2013

LONDON, April 18, 2013 /PRNewswire/ --

On Monday, all three benchmark indexes in the U.S. posted their biggest
intra-day loss in 2013 after China's GDP data weighed down sentiment. After
rebounding sharply in Tuesday's trading session, equity markets once again
struggled on Wednesday as investors digested some disappointing earnings
reports. The Basic Materials sector was the worst performer at the beginning
of this week, and the sector once again fell sharply in Wednesday's session.
The sector slipped more than 2.50%. Among the major movers in the Basic
Materials sector yesterday were North American Palladium Ltd. (AMEX: PAL),
Stillwater Mining Company (NYSE: SWC), Celanese Corporation (NYSE: CE), and
Praxair Inc. (NYSE: PX). StockCall has posted free technical research on PAL,
SWC, CE, and PX which can be downloaded upon sign up at

North American Palladium Ltd's shares were among the major losers in the Basic
Materials sector on Wednesday. The stock closed 3.45% lower at $1.40 after
touching an intra-day low of $1.34. Volume stood at 1.86 million, slightly
below the daily average of 1.92 million. The company's shares have struggled
so far in 2013, falling more than 46%.The stock is trading more than 54% below
its 52-week high. North American Palladium's shares are also trading below
their 50-day and 200-day moving averages, which is a bearish signal. The
negative trend is further confirmed by the stock's MACD chart. Sign up and
read the complimentary report on PAL at

Another major loser in the Basic Materials sector yesterday was Stillwater
Mining Company. Shares of the mining company fell to an intra-day low of
$10.11 before finishing the day 7.26% lower at $10.22 on above average volume
of 2.71 million. Shares of SWC have now fallen more than 14.60% in the last
three trading sessions. Year-to-date, the stock has fallen more than 20%,
underperforming the S&P 500. The company's shares have also slipped below
$10.50 support level as a result of the recent selloff, which is a strong
bearish signal. The free report on SWC can be downloaded by signing up now at

Celanese Corporation's shares also struggled in trading on Wednesday, tracking
losses in the broad market. The stock ended the day 3.04% lower at $42.36 on
volume of 1.33 million after trading between $42.34 and $43.25. Celanese's
shares have fallen more than 4.70% so far in 2013, compared to a gain of more
than 8.80% for the S&P 500. The stock currently faces resistance at around
$44. It has support at $42. Free report on CE can be accessed by registering

Shares of Praxair Inc. edged higher in yesterday's trading session; however,
the gains were limited. The stock closed 0.09% higher at $110.23 on above
average volume of 1.53 million after touching an intra-day high of $110.47.
Praxair's shares are currently trading close to their 52-week high of $116.93.
The stock, however, recently slipped below its 50-day moving average, which is
a bearish signal. Its MACD is also trading below the signal line and the
zero-line, further confirming the downbeat trend. Year-to-date, shares of PX
have gained 1.25%, underperforming the broad market. The stock currently has
support at around $110. Register with StockCall and download the research on
PX for free at

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