Today's Technical View: Rentech Inc., Eastman Chemical Co., Ashland Inc., and Gevo Inc.
Today's Technical View: Rentech Inc., Eastman Chemical Co., Ashland Inc., and Gevo Inc. PR Newswire LONDON, September 19, 2013 LONDON, September 19, 2013 /PRNewswire/ -- Editor Note: For more information about this release, please scroll to bottom. The U.S. equity market rose sharply on Wednesday, September 18, 2013. The S&P 500 ended the day at 1,725.52, up 1.22%; the Dow Jones Industrial Average closed at 15,676.94, up 0.95%; and the NASDAQ Composite finished at 3,783.64, up 1.01%. Shares in major diversified chemical companies mostly ended on a higher note as the broader market advanced. The major movers in the industry included Rentech Inc. (NASDAQ: RTK), Eastman Chemical Company (NYSE: EMN), Gevo Inc. (NASDAQ: GEVO), and Ashland Inc. (NYSE: ASH). All these companies are tracked by AAAResearchReports.com. Free in-depth technical analysis on RTK, EMN, GEVO, and ASH are currently available upon signing up at: http://www.aaaresearchreports.com/register/ Shares in Rentech Inc. edged lower on Wednesday, reversing most of the gains from the previous trading session. The company's shares ended the day 0.46% lower at $2.15, after fluctuating between $2.10 and $2.20. A total of 1.79 million shares were traded, which is below the daily average volume of 2.04 million. Despite Wednesday's losses, Rentech Inc.'s shares have gained 8.59% in the last one month, outperforming the S&P 500 which has advanced 4.21% during the same period. Additionally, the company's stock is trading above its 50-day moving average of $2.10. Sign up for free technical analysis on RTK at: http://www.AAAResearchReports.com/RTK091913.pdf Eastman Chemical Co.'s stock rose sharply on Wednesday, extending the gains from the previous trading session. The company's shares closed the day at $78.78, up 1.82%, after oscillating between $76.64 and $79.03 during the trading session. A total of 1.52 million shares were traded, which is above the daily average volume of 1.35 million. Eastman Chemical Co.'s stock has advanced 2.98% in the previous three trading sessions and 7.55% in the last three months, compared to a gain of 2.22% and 4.46% in the S&P 500 during the respective periods. Additionally, the company's shares are trading above their 50-day and 200-day moving averages of $77.39 and $71.58, respectively. Download free report on EMN by registering at: http://www.AAAResearchReports.com/EMN091913.pdf On Wednesday, Gevo Inc.'s stock surged to close at $2.03, which is 4.10% higher than the previous day's closing price of $1.95. The company's shares vacillated between $1.94 and $2.09 during the trading session. A total of 1.13 million shares were traded, which is above the daily average volume of 1.04 million. The company's shares have surged 5.73% in the previous three trading sessions and 19.41% in the last one month, outperforming the S&P 500 which has advanced 2.22% and 4.21% during the respective periods. Additionally, Gevo Inc.'s stock is trading above its 50-day and 200-day moving averages of $1.89 and $1.92, respectively. The free report on GEVO can be downloaded by signing up now at: http://www.AAAResearchReports.com/GEVO091913.pdf On Wednesday shares in Ashland Inc. rose sharply to hit a new 52-week high of $93.67. The company's shares closed the day at $93.42, up 1.48% from the previous day's price of $92.06. A total of 0.57 million shares were traded, which is below the daily average volume of 0.63 million. The company's shares have advanced 5.95% in the last one month and 7.70% in the previous three months, compared to a gain of 4.21% and 4.46% in the S&P 500 during the respective periods. Moreover, Ashland Inc.'s stock is trading above its 50-day and 200-day moving averages of $87.83 and $83.48, respectively. A free report on ASH can be accessed by registering at: http://www.AAAResearchReports.com/ASH091913.pdf ---- EDITOR NOTES: 1. This is not company news. We are an independent source and our views do not reflect the companies mentioned. 2. Information in this release is fact checked and produced on a best efforts basis and reviewed by Ananya Ghosh, a CFA charterholder. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below. 3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public. 4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco@EquityNewsNetwork.com. 5. 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