Basic Materials' Stocks Technical Commentary -- Chemours, Steel Dynamics, Companhia Siderurgica Nacional, and Kraton Performance Polymers

Jul 26, 2016, 07:50 ET from Chelmsford Park SA

NEW YORK, July 26, 2016 /PRNewswire/ --

Today's pre-market notes on is focused on the Basic Materials sector and how stocks in this space are being affected by economic uncertainties, demand, and fluctuating prices of raw materials. Under review are: The Chemours Co. (NYSE: CC), Steel Dynamics Inc. (NASDAQ: STLD), Companhia Siderurgica Nacional (NYSE: SID), and Kraton Performance Polymers Inc. (NYSE: KRA). Learn more about these stocks by accessing their freenotes at:

The Chemours 

Wilmington, Delaware headquartered The Chemours Co.'s stock finished Monday's session at $8.79, which was a slight decline of 0.57%. A total volume of 1.62 million shares was traded. The Company's shares have surged 65.31% since the start of this year. The stock is trading above its 200-day moving average by 27.96. Moreover, shares of Chemours, which provides performance chemicals in North America, the Asia Pacific, Europe, the Middle East, Africa, and Latin America, have a Relative Strength Index (RSI) of 51.04.

On June 14th, 2016, Chemours announced that it has signed a definitive agreement to sell the assets which comprise its Sulfur Products business, part of its Chemical Solutions segment, to Veolia North America for $325 million in cash. The company anticipates closing the transaction within the second half of 2016, subject to customary closing conditions and regulatory approvals. See our complete notes on CC at:

Steel Dynamics 

Shares in Fort Wayne, Indiana headquartered Steel Dynamics Inc. ended yesterday's session 0.04% lower at $26.36 with a total volume of 2.80 million shares traded. The stock has gained 3.76% in the past month, 9.68% in the previous three months, and 49.34% on an YTD basis. The Company's shares are trading 4.46% above their 50-day moving average and 27.30% above their 200-day moving average. Moreover, shares in Steel Dynamics, which together with its subsidiaries, manufactures and sells steel products; processes and sells recycled ferrous and nonferrous metals; and fabricates and sells steel joist and deck products in the U.S. and globally, have an RSI of 53.34.

On June 30th, 2016, Steel Dynamics, announced that it has entered into a definitive agreement to acquire 100% of Vulcan Threaded Products, Inc. Vulcan Threaded Products is based outside of Birmingham, Alabama and is the nation's largest manufacturer and supplier of threaded rod products, and also produces cold drawn and heat treated bar. Steel Dynamics plans to purchase Vulcan for $126 million, inclusive of $42 million in working capital, which is subject to typical post-closing adjustments. The purchase price will be paid in cash from available funds. The transaction is expected to be immediately accretive to 2016 earnings and cash flow per share.

On July 20th, 2016, research firm Cowen reiterated its 'Outperform' rating with an increase of the target price to $33 a share from $30 a share for the Company's stock. STLD free notes is just a click away at:


On Monday, Sao Paulo, Brazil headquartered Companhia Siderurgica Nacional's stock closed the day flat at $3.34. A total volume of 1.85 million shares was traded. The Company's shares have soared 38.02% in the last one month and 240.82% on an YTD basis. The stock is trading 39.90% above its 50-day moving average and 83.46% above its 200-day moving average. Additionally, shares of Companhia Siderurgica Nacional, which operates as an integrated steel producer in Brazil, have an RSI of 73.53. Sign up for your complimentary notes on SID at:

Kraton Performance Polymers 

Shares in Houston, Texas headquartered Kraton Performance Polymers Inc. ended the day 1.36% higher at $29.85 and with a total volume of 430,398 shares traded. The stock has gained 3.04% in the last one month, 36.36% in the previous three months, and 79.71% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 8.08% and 42.46%, respectively. Furthermore, shares of Kraton Performance Polymers, which produces and sells styrenic block copolymers (SBCs) and other engineered polymers in the Americas, Europe, the Middle East, Africa, and the Asia Pacific, have an RSI of 59.75.

On July 12th, 2016, Kraton Performance Polymers announced that it has scheduled a conference call on July 28th, 2016 at 8:00 a.m. central time to discuss its second quarter 2016 financial and operating results. The company expects to release its results after market close on July 27th, 2016. Register for free on and access the latest notes on KRA at:


Stock Callers: 

Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. 

SC has not been compensated; directly or indirectly; for producing or publishing this document. 


The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email RohitTuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.  


SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. 


This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit

CONTACT For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: Email: Phone number:  +44 330 808 3765 Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE Chelmsford Park SA