LONDON, March 15, 2013 /PRNewswire/ --
Last year, the global chemical industry faced significant challenges due to a slowdown in China, the Eurozone debt crisis, and the economic uncertainty in the U.S. Outlook for the industry, however, has improved significantly as the U.S. economy has rebounded and China has also shown signs of picking up pace. Europe still remains a worry for chemical companies such as The Dow Chemical Company, E. I. Du Pont De Nemours And Co. (NYSE: DD), Huntsman Corporation (NYSE: HUN), Celanese Corporation (NYSE: CE), and FMC Corporation (NYSE: FMC). Meanwhile, German chemical company recently forecast that worldwide chemical production is expected to rise 2013. Despite the weakness in Europe, overall, the outlook for the chemical industry is optimistic. On Thursday, chemical stocks ended mostly higher as the broad market rallied. StockCall professionals have completed their technical analysis on DOW, DD, HUN, CE, and FMC and these free reports are accessible by registering at
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The Dow Chemical Company shares rose sharply on Thursday, tracking gains in the broad market. The stock closed 1.39% higher at $33.67 on volume of 5.71 million. The stock has now gained more than 2% in the last three trading sessions. The chemical company's shares have underperformed the broad market this year, gaining just a little over 4%. The stock, however, has seen a series of higher highs over the last couple of weeks, which suggests that market sentiment has turned bullish on the stock. Sign up for the free technical research on DOW at
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Shares of E. I. Du Pont De Nemours and Co. posted modest gains in Thursday's trading session. The stock finished 0.67% higher at $49.92, extending its gains in the last three trading sessions to 1.30%. It has had a decent run so far in 2013, gaining nearly 11%, compared to a gain of 9.60% for the S&P 500. The stock has seen a series of highs since it broke through $48 resistance level. The 50-day moving average has also crossed above the 200-day moving average, forming a "golden cross". Be sure to read our latest technical research on DD by registering at
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Huntsman Corporation shares rose on Thursday as the broad market continued to rally. The stock ended the day 1.32% higher at $19.18 on volume of 4.26 million. Shares of HUN are currently hovering around their 52-week high of $19.51. The stock has outperformed the S&P 500 this year, gaining more than 20%, year-to-date. The company's shares are currently trading well above their 50-day and 200-day moving averages. Sign up and read the complimentary report on HUN at
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While the Basic Materials sector edged higher on Thursday, shares of Celanese Corporation struggled. The stock ended the day 0.17% lower at $47.27 on volume of 1.03 million, extending its losses in the last three trading sessions to over 1%. The company's shares have been struggling to break through $48 resistance level. Yesterday, the stock slipped below its 50-day moving average, which is a bearish signal. The bearish trend is further confirmed by the MACD chart. The free report on CE can be downloaded by signing up now at
http://www.StockCall.com/CE031513.pdf
FMC Corp. shares managed to post small gains on Thursday, closing 0.02% higher at $61.16 on volume of 727,380. The stock has gained more than 4.50% this year, underperforming the broad market. FMC's shares have traded sideways in the last few trading sessions after breaking through $61 resistance level. The stock is still trading above its 50-day and 200-day moving averages, which is a bullish signal. The positive trend is further confirmed by the MACD chart. Free report on FMC can be accessed by registering at
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