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Shares of Eastman Chemical Rise Above Previous 52-Week High

By Amy Schwartz

Eastman Chemical (NYSE:EMN) traded today at a new 52-week high of $85.53. Approximately 446,000 shares have changed hands today, as compared to an average 30-day volume of 1.2 million shares.

Eastman Chemical (NYSE:EMN) has potential upside of 1.7% based on a current price of $85.52 and analysts' consensus price target of $86.93. The stock should discover initial support at its 50-day moving average (MA) of $72.62 and subsequent support at its 200-day MA of $69.88.

Over the past year, Eastman Chemical has traded in a range of $56.03 to $85.53 and is now at $85.52, 53% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has remained constant.

Eastman Chemical Company is an international chemical company which produces chemicals, fibers, and plastics. The Company's operations include coatings, adhesives, specialty polymers, and Inks, fibers, performance chemicals and intermediates, performance polymers, and specialty plastics.

SmarTrend is tracking the current trend status for Eastman Chemical and will alert subscribers who have EMN in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows Eastman Chemical

Ticker(s): EMN