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Stock to Watch: Rentech Down 5.8% (RTK)
[April 03, 2013]

Stock to Watch: Rentech Down 5.8% (RTK)

Apr 03, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Rentech (AMEX:RTK) is one of today's worst performing low-priced stocks, down 5.8% to $2.11 on 1.2x average daily volume. Rentech has traded 4.3 million shares thus far today, vs. average volume of 3.5 million shares per day. The stock has underperformed the Dow (-5.8% to the Dow's -0.7%) and underperformed the S&P 500 (-5.8% to the S&P's -1.1%) during today's trading.

Rentech, Inc. develops and licenses a proprietary and patented process for the conversion of carbon-bearing gases, liquids, and solids into liquid hydrocarbon products. These products include clean burning diesel fuel, naphthas, waxes, petrochemical feedstocks and synthetic lubricant base stock. Rentech's primary business is licensing this process.

Rentech (AMEX:RTK) has potential upside of 92.4% based on a current price of $2.11 and analysts' consensus price target of $4.06. Rentech shares should first meet resistance at the 200-day moving average (MA) of $2.50 and find additional resistance at the 50-day MA of $2.73.


In the past 52 weeks, shares of Rentech have traded between a low of $1.60 and a high of $3.18 and are now at $2.11, which is 32% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 1%.

SmarTrend recommended that its subscribers protect gains by selling shares of Rentech on March 19th, 2013 by issuing a Downtrend alert when the shares were trading at $2.42. Since that call, shares of Rentech have fallen 7.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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