Upgrade Alert for PolyOne (POL)
PolyOne (NYSE:POL) was upgraded from Hold to Gradually Accumulate at Wellington Shields today. The stock closed yesterday at $35.24 on volume of 824,000 shares, above average daily volume of 604,000.
PolyOne (NYSE:POL) has potential upside of 21.3% based on a current price of $35.24 and analysts' consensus price target of $42.75. PolyOne shares have support at the 200-day moving average (MA) of $31.35 and additional support at the 50-day MA of $30.99.
In the past 52 weeks, PolyOne share prices have been bracketed by a low of $22.35 and a high of $41.20 and closed yesterday at $35.24, 58% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 2.4%.
PolyOne Corporation is an international polymer services company with operations in North America, Europe, Asia, Australia, and South America. The Company provides thermoplastic compounds, specialty resins, specialty polymer formulations, engineered films, and color and additive systems. PolyOne also conducts operations in rubber compounding and thermoplastic resin distribution.
SmarTrend is monitoring the recent change of momentum in PolyOne. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of PolyOne in search of a potential trend change.
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