Barchart.coms Chart of the Day - Eastman Chemical Company (EMN)
The "Chart of the Day" is Eastman Chemical Company (EMN), which showed up on
Friday's Barchart "All-Time High" list. Eastman Chemical gapped higher Friday
and posted an all-time at $61.22 and closed up +12.19%. TrendSpotter exited a
short position on Eastman Friday and got long at $59.57. In recent news on the
stock, Eastman Chemical reported Friday that in Q3 it earned $1.57 per share on
an adjusted basis from continuing operations, higher than analysts' estimates of
$1.42 per share. Eastman also raised its full-year 2012 earnings forecast to
$5.30 to $5.40 per share for the year on an adjusted basis, up from its prior
forecast of $5.30 per share, as CEO Jim Rogers said that the company's
acquisition of Solutia this summer boosted earnings. Eastman Chemical Company,
with a market cap of $8.327 billion, is a global chemical company that
manufactures and sells chemicals and specialty polymers supplied to the inks,
coatings, adhesives, sealants, and textile industries; fine chemicals;
performance chemicals and intermediates; specialty plastics; polyester plastics
such as polyethylene terephthalate sold under the trademark EASTAPAK polymers;
and fibers.
How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "All-Time High" list. In order to get to that list, we first clicked on the Stocks menu item on the Barchart home page, then on the "All-Time Highs" menu item on the left menu bar. We then sorted the list by percentage gainers by clicking on the "Percent" column title. A stock that has posted a new all-time high is typically showing strong upside momentum.
The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
Barchart links for further information:
Quotes and Charts
Quote
Detailed Quote
Chart
Technical Analysis
Technicals Summary
Trader's Cheat Sheet™
Barchart Opinions
Barchart Opinion
Barchart Snapshot
Trading Strategies
Company Info
Company Profile
Key Statistics
Ratios
Income Statement-Quarterly
Income Statement-Annual
Balance Sheet-Current
Balance Sheet-Annual
Chart of the Day Archive
View Past Chart of the Day Reports
How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "All-Time High" list. In order to get to that list, we first clicked on the Stocks menu item on the Barchart home page, then on the "All-Time Highs" menu item on the left menu bar. We then sorted the list by percentage gainers by clicking on the "Percent" column title. A stock that has posted a new all-time high is typically showing strong upside momentum.
The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
- TrendSpotter: Hold
- Short-Term Indicators: 100% Buy
- Medium-Term Indicators: 100% Buy
- Long-Term Indicators: 100% Buy
- Overall Average 96% Buy
Barchart links for further information:
Quotes and Charts
Quote
Detailed Quote
Chart
Technical Analysis
Technicals Summary
Trader's Cheat Sheet™
Barchart Opinions
Barchart Opinion
Barchart Snapshot
Trading Strategies
Company Info
Company Profile
Key Statistics
Ratios
Income Statement-Quarterly
Income Statement-Annual
Balance Sheet-Current
Balance Sheet-Annual
Chart of the Day Archive
View Past Chart of the Day Reports
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