Shares of Huntsman Rise to a New 52-Week High
Shares of Huntsman (NYSE:HUN) traded at a new 52-week high today of $19.05. Approximately 1.4 million shares have changed hands today, as compared to an average 30-day volume of 3.5 million shares.
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.
Huntsman (NYSE:HUN) is currently priced 3.1% above its average consensus analyst price target of $18.36. The stock should discover initial support at its 50-day moving average (MA) of $17.00 and subsequent support at its 200-day MA of $14.88.
In the past 52 weeks, Huntsman share prices have been bracketed by a low of $10.98 and a high of $19.05 and are now at $18.96, 73% above that low price. The 200-day and 50-day moving averages have moved 0.48% higher and 0.70% higher over the past week, respectively.
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 40.2%. We continue to monitor HUN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: 52 week high/lows Huntsman