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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
Tue, 27 Jun 2017NoneDojiThu, 25 May 20174.83%
***Stock database and scans are updated around midnight (New York time) every trading day.
83.52 0.00 (0%) Jun 27 4:02pm EDT
Open: 83.79 Range: 83.50 - 84.16 Vol: 597.84K Avg Vol: 1.2M
EPS: 5.95 P/E ratio: 14.05 EBITDA: 2.10B Mkt Cap: 12.18B
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 83.13
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 80.30
Last Trade is above the 50 day moving average at 79.93
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 75.24
* 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 long term trading range with an upward bias. The last 52 weeks has seen this stock maintain an upward swing with about 71% of the time spent trading above the 200 day moving average. The 50 day moving average also indicates range bound trading but with a general bullish upside bias. Even the 20 day moving average is exhibiting similar bullish bias in a trading range. For adventurous traders, once a trading range is identified, a viable strategy is to short breakouts and buy breakdowns with the expectation EMN will return into the established trading range. However, a more conservative and higher probability trade is to still buy dips as the longer term trend is still up. A good place to accummulate longs is at the 200 SMA currently near 75.24. 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 $89.00* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Tue, 27 Jun 2017
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