Chart of the Day - Eastman Chemical Company (EMN)

The "Chart of the Day" is Eastman Chemical Company (EMN), which showed up on Friday's Barchart "All-Time High" list. Eastman Chemical gapped higher Friday and posted an all-time at $61.22 and closed up +12.19%. TrendSpotter exited a short position on Eastman Friday and got long at $59.57. In recent news on the stock, Eastman Chemical reported Friday that in Q3 it earned $1.57 per share on an adjusted basis from continuing operations, higher than analysts' estimates of $1.42 per share. Eastman also raised its full-year 2012 earnings forecast to $5.30 to $5.40 per share for the year on an adjusted basis, up from its prior forecast of $5.30 per share, as CEO Jim Rogers said that the company's acquisition of Solutia this summer boosted earnings. Eastman Chemical Company, with a market cap of $8.327 billion, is a global chemical company that manufactures and sells chemicals and specialty polymers supplied to the inks, coatings, adhesives, sealants, and textile industries; fine chemicals; performance chemicals and intermediates; specialty plastics; polyester plastics such as polyethylene terephthalate sold under the trademark EASTAPAK polymers; and fibers.