Shares of SCL Up 25.5% Since Uptrend Call on Shares
SmarTrend identified an Uptrend for Stepan (NYSE:SCL) on June 7th, 2016 at $60.42. In approximately 4 months, Stepan has returned 25.45% as of today's recent price of $75.81.
In the past 52 weeks, Stepan share prices have been bracketed by a low of $40.49 and a high of $77.62 and are now at $75.81, 87% above that low price. The 200-day and 50-day moving averages have moved 0.21% higher and 2.12% higher over the past week, respectively.
Stepan Company and its subsidiaries produce specialty and intermediate chemicals which are sold to other manufacturers and then made into a variety of end products. The Company's products include surfactants, polymers, and specialty products. Stepan's customers include manufacturers of cleaning or washing compounds, paints, cosmetics, food and beverages, and other manufacturers.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Stepan shares.
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