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Eastman Chemical Company (EMN) - Buy, Sell or Hold?

Sector: Basic Industries   Sub-Sector: Major Chemicals
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 17 Nov 2017DojiHammerWed, 15 Nov 20170.21%
***Stock database and scans are updated around midnight (New York time) every trading day.
89.74 0.00 (0%) Nov 17 4:00pm EST
Open: 89.70 Range: 89.30 - 90.24 Vol: 1.59M Avg Vol: 1.2M
EPS: 6.23 P/E ratio: 14.57 EBITDA: 2.15B Mkt Cap: 13.15B
Analyze "EMN" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 90.22
Medium Term: Trading is Range Bound
Last Trade is below the 20 day moving average at 90.66
Last Trade is above the 50 day moving average at 89.03
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 83.41
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of EMN

Stock Trend Analysis - Buy, Sell or Hold "Eastman Chemical Company" (EMN)?

EMN is in a very strong uptrend. In the last 52 weeks, EMN has been trading above the 200 day moving average for 100% of the time with an average daily volume of 1.2M shares being traded. In the medium term, the 50 day moving average, currently at 89.03 for EMN is also very bullish, indicating good swing trading opportunities for longs. The 20 day moving average is however indicating a predominance of range bound trading but still with a bullish bias. EMN may experience some profit taking due to its strong performance thus far, so it may be prudent to lighten up on strength or sudden upward momentum. Good places to re-enter EMN are at the 50 and 200 SMAs currently at 89.03 and 83.41 respectively. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "EMN".

The analyst consensus estimates for the 1 year price target for this stock is $99.71* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 17 Nov 2017
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