May 17, 2013 at 10:55 AM EDT
Pre-Market Analysis on LYB, AXLL, APD, and PEIX
StockCall.com Provides Stock Research on LyondellBasell Industries NV, Axiall Corp., Air Products & Chemicals Inc., and Pacific Ethanol Inc.
New York City, New York -- (May 17, 2013)
The chemical industry struggled in 2012 as global economic uncertainty weakened demand for chemical products. The economic outlook improved significantly at the start of this year and this has been encouraging for the chemical industry. However, recent economic data, especially from China and the Eurozone, has once again created concerns. While growth in China is showing signs of slowdown, the Eurozone is in a deep recession. On Thursday, economic data from the U.S. was also disappointing, indicating that there is still some way to go before a full recovery. The chemical industry, therefore, can expect another challenging year ahead. The chemical stocks ended mostly lower on Thursday as the broad market struggled. Among the major movers in the sector were LyondellBasell Industries NV (NYSE: LYB), Axiall Corp. (NYSE: AXLL), Air Products & Chemicals Inc. (NYSE: APD), and Pacific Ethanol Inc. (NASDAQ: PEIX). StockCall has posted free technicalresearch on LYB, AXLL, APD, and PEIX which can be downloaded upon sign up at
LyondellBasell Industries NV closed its latest trading session at $66.11, up 2.21 percent from its previous close. The stock traded in the range of $62.48 and $66.20 in yesterday’s session and traded 5.27 million shares. It is likely to face its first resistance level at $66.42 and upon breaching this level the stock may go up to $66.53. On the downside, LyondellBasell may tumble to $65.42 level. The stock is highly volatile as it sports the beta of 2.16. So far in 2013, it gained 19.1 percent whereas in the past 52 weeks, it jumped 64.95 percent of its value. The stock is in a bullish mode. Sign up and read the complimentary report on LYB at
Axiall Corp.’s stock is up 21.86 percent on a YTD basis, despite a 0.63 percent loss in the previous trading session. The stock closed at $48.84 after trading in the range of $48.52 and $50.21. It shows a neutral streak and may touch $51.95 level. Its second resistance level is at $57.84. It traded 1.49 million shares during Thursday’s session, down from its average trading volume of 1.93 million. Axiall gained 45.75 percent in the past 52 weeks, but the stock has shown good recovery this far this year. It is currently trading below its short-term moving average price of $51.93. The company commands market capitalization of $3.41 billion and its stock is highly volatile with beta of 2.52. The free report on AXLL can be downloaded by signing up now at
Air Products & Chemicals Inc.’s stock boosted its YTD returns with a 0.42 percent gain in Thursday’s trading session. The stock traded in the range of $92.03 and $92.96 and closed at $92.77. However, it traded lower-than-average number of shares at 971,940. The stock is in a bullish mode and is likely to maintain its upward ascent in the coming sessions. Its first resistance level is at $92.98 and it may test the support level of $91.87 in the coming trading sessions. Air Products & Chemicals’ stock is currently trading above its short-term moving average price of $88.65 and long-term moving average price of $87.71. Free report on APD can be accessed by registering at
Pacific Ethanol Inc. traded in the range of $4.05 and $4.35 in its latest trading session and ended the day at $4.21, down 0.71 percent. The stock’s 52 weeks range stands at $3.63 and $11.25. The company has lost 65.77 percent of its value in the past 12 months, while the stock declined 12.73 percent on a YTD basis. PEIX is in a neutral mode and may find its first support level at $3.75. It is trading below its 50-day moving average of $4.82.Register withStockCall and download the research on PEIX for free at
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William T. Knight
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