TMCnet News
Upgrade Alert for Huntsman (HUN)Jan 03, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Huntsman (NYSE:HUN) was upgraded from Neutral to Buy at Citigroup today. The stock closed yesterday at $16.25 on volume of 6.2 million shares, above average daily volume of 2.7 million. There is potential upside of 10.2% for shares of Huntsman based on a current price of $16.25 and an average consensus analyst price target of $17.91. The stock should discover initial support at its 50-day moving average (MA) of $16.11 and subsequent support at its 200-day MA of $14.45. Over the past year, Huntsman has traded in a range of $9.75 to $17.17 and closed yesterday at $16.25, 67% above that low. The 200-day and 50-day moving averages have moved 0.19% higher and 0.08% higher over the past week, respectively. Huntsman Corporation manufactures differentiated and commodity chemical products. The Company markets a broad range of chemical products and formulations to a diversified group of consumer and industrial customers. Huntsman's products are used in a range of applications, including those in adhesives, aerospace, automotive, construction products, and consumer products. SmarTrend recommended that subscribers consider buying shares of Huntsman on August 6th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $13.36. Since that recommendation, shares of Huntsman have risen 21.6%. We continue to monitor HUN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- 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 |