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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
Thu, 19 Oct 2017NoneBearish EngulfingMon, 09 Oct 2017-0.96%
***Stock database and scans are updated around midnight (New York time) every trading day.
89.23 0.00 (0%) Oct 20 10:19am EDT
Open: 89.67 Range: 89.05 - 89.67 Vol: 107.42K Avg Vol: 1.13M
EPS: 6.23 P/E ratio: 14.25 EBITDA: 2.15B Mkt Cap: 12.86B
Analyze "EMN" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 88.13
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 88.90
Last Trade is above the 50 day moving average at 86.53
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 82.06
* 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 95% of the time with an average daily volume of 1.1M shares being traded. In the medium term, the 50 day moving average, currently at 86.53 for EMN is also very bullish, indicating good swing trading opportunities for longs. This bullish stance is further reinforced by EMN's ability to stay over the 20 day moving average for more than 85% of the time in the last 2 months of trading. There is however a possibility of profit taking setting in and it may be prudent to lighten up on strength and re-enter during a retracement. Good places to re-enter EMN are at the 50 and 200 SMAs currently at 86.53 and 82.06 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 $94.88* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Thu, 19 Oct 2017
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