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!