Huntsman Corp – Technical Analysis Daily

Huntsman Corp – Technical Analysis Daily

Since the recent consolidation in the Dow Jones US Chemicals Index (DJUSCH), I’m remaining bullish on a few of its components. One other component-stock I’d identified while researching my last pick (FMC Corp - NYSE:FMC) was Huntsman Corporation (NYSE:HUN quote analysis).

Huntsman Corp has been in a strong up trend for around 60 days now. Huntsman’s momentum – very steady, but note the RSI is signaling overbought today so expect a minor pull-back before entering a trade.  At that point I would scale-in since this trend is quite mature. 

Also check this out, Huntsman is currently paying a .10 cent dividend every six months. At $9.19 per share that’s over 1% return built in!

Huntsman Corp NYSE:HUN Technical Analysis Daily

Finally, it’s about time for me to do another industry-by-industry analysis. I wouldn’t be at all surprised if the Retailers or Tech shows up on the radar as the next Index to watch. I’ll let you know as soon as I find out!

FMC Corporation – Technical Analysis Daily

Last week I was preoccupied with the Dow Jones U.S. Chemicals Index.  The DJUSCHhas been in a trustworthy up trend over the last month and recently took a quick pause offering this index a chance for consolidation. With the brisk market action today the DJUSCH is in a great place (better than most) to continue it’s trend.

My current favorite DJUSCH component is FMC Corp (NYSE:FMC quote analysis)

Like it’s parent index, FMC has confirmed it’s well into a strong new up trend. On a down day, I’m looking for a pull back to about $52.00 before jumping on. In an up-market I’ll get in now and hold on til the MACD shows signs of weakness.  

FMC Corp Stock Chart

Dow Jones U.S. Chemicals – Technical Analysis Daily

Dow Jones U.S. Chemicals Index

I’m watching all Dow Jones U.S. Chemicals for a good entry point. I’m staying out of momentum plays until Monday as the current environment is fairly hot. (Dow Jones U.S. Chemicals components)

Currently Watching Dow Jones U.S. Chemicals Index