Cytec Industries Inc (NYSE: CYT)

Cytec Industries Inc., a specialty chemicals and materials company, engages in developing, manufacturing, and selling chemical products primarily for aerospace composites, structural adhesives, automotive and industrial coatings, electronics, inks, mining, and plastics markets. It operates in four segments: Engineered Materials, In-Process Separation, Additive Technologies, and Coating Resins. The Engineered Materials segment offers aerospace-qualified and industrial-grade prepregs, resin infusion systems, structural/surfacing adhesives, formulated resins, and carbon fiber reinforcements. The In-Process Separation segment provides mining chemicals, including flotation promoters, collectors, frothers, dispersants and depressants, solvent extractants, flocculants, filter and dewatering aids, antiscalants, and defoamers; and phosphines comprising flame retardants, catalyst ligands, high purity phosphine gas, and biocides. The Additive Technologies segment offers polymer additives, such as ultraviolet light stabilizers and absorbers, high performance antioxidants, and antistatic agents. The Coating Resins segment provides specialty coating resins comprising coating additives and waterborne resins; conventional and ultraviolet curable powder coating resins.

To review Cytec’s stock, please take a look at the 1-year chart of CYT (Cytec Industries, Inc.) below with my added notations:

 

First, CYT has formed a clear resistance at $70 (red), which would also be a 52-week high breakout if the stock could manage to break above it. In addition, the stock is climbing a potential trendline support level (blue). These two levels combined have CYT sandwiched within an ascending triangle, assuming the trendline is valid. The stock will eventually have to break one of those two levels.

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