Chemicals Equities Scrutiny -- Research on Celanese, Rentech, Air Products and Chemicals, and Praxair Editor Note: For more information about this release, please scroll to bottom.
LONDON, June 18, 2014 /PRNewswire/ --
The trading session on Tuesday, June 17, 2014 ended on a higher note as the Dow Jones Industrial Average finished at 16,808.49, up 0.16% and the NASDAQ Composite closed at 4,337.23, up 0.37%. The S&P 500 finished the day 0.22% higher at 1,941.99. During the trading session, five out of the ten sectors finished on a positive note. The S&P 500 Materials Sector Index finished the day 0.16% higher at 309.04, and the index has advanced 2.47% in the previous one month. Investor-Edge has initiated coverage on the following equities: Celanese Corp. (NYSE: CE), Rentech Inc. (NASDAQ: RTK), Air Products & Chemicals Inc. (NYSE: APD) and Praxair Inc. (NYSE: PX). Free technical research on CE, RTK, APD and PX can be downloaded upon signing up at:
Celanese Corp.'s stock fluctuated between $63.72 and $64.59 before ending Tuesday's session 0.14% lower at $63.84. The company's stock reported a trading volume of 0.53 million shares, which was below its three months average volume of 0.95 million shares. Over the last one month and on YTD basis, Celanese Corp.'s stock has gained 7.37% and 15.42%, respectively. However, the company's stock has edged lower by 0.55% in the previous three trading sessions. Celanese Corp.'s stock is trading above its 50-day and 200-day moving averages. The stock's 50-day moving average of $60.23 is above its 200-day moving average of $55.45. Moreover, Celanese Corp.'s stock traded at a PE ratio of 14.81 and has a Relative Strength Index (RSI) of 65.26. Sign up today to read free research on CE at:
Shares in Rentech Inc. advanced 2.11% on Tuesday, closing the session at $2.42, also hitting a new 52-week high of $2.44. A total of 4.05 million shares were traded, above its three months average volume of 3.01 million shares. The stock moved between $2.32 and $2.44 during the session. The company's stock traded at a PE ratio of 33.15. Shares in Rentech Inc. have advanced 8.52% in the previous three trading sessions and 8.04% in the last one month. Moreover, the company's stock has surged 38.29% from the beginning of 2014. Rentech Inc.'s shares are trading above their 50-day and 200-day moving averages of $2.19 and $1.96, respectively. Further, the company's shares have an RSI of 61.12. Sign up today to read free research on RTK at:
On Tuesday, shares in Air Products & Chemicals Inc. edged 0.90% higher, closing the day at $121.60. The stock recorded a trading volume of 0.80 million shares, below its three months average volume of 0.96 million shares. The company's stock oscillated between $119.80 and $121.63 during the session. Shares of the company traded at a PE ratio of 22.15. Air Products & Chemicals Inc.'s stock has advanced 1.72% in the previous three trading sessions and 2.62% in the last one month. Additionally, the company's shares have gained 8.79% since the start of this year. Air Products & Chemicals Inc.'s shares are trading above their 50-day and 200-day moving averages of $118.92 and $113.08, respectively. Furthermore, the company's stock has an RSI of 50.69. Sign up today to read free research on APD at:
On Tuesday, Praxair Inc.'s stock recorded a trading volume of 0.95 million shares, which was near its three months average volume of 0.99 million shares. The stock finished the day at $130.84, which was 0.18% higher its previous day's closing of $130.61, and registered an intraday range of $130.20 and $130.99. Shares in Praxair Inc. have edged lower by 0.11% in the previous three trading sessions and 0.12% in the last one month, while the shares have advanced 0.62% on YTD basis. Shares in Praxair Inc. are trading below their 50-day moving average. The stock's 50-day moving average of $130.88 is above its 200-day moving average of $127.31. Additionally, the company's stock traded at a PE ratio of 20.96 and has an RSI of 44.37. Sign up today to read free research on PX at:
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