Cytec Industries Inc., a specialty chemicals and materials company,
focuses on developing, manufacturing, and selling value-added products
for aerospace and industrial materials, mining, and plastic industries
worldwide. It operates in four segments: The Engineered Materials
segment offers aerospace-qualified prepregs, resin infusion systems,
structural/surfacing adhesives, and ablatives, as well as
industrial-grade prepregs and structural/surfacing adhesives high
performance carbon fibers. The Umeco segment offers high performance
composites structural materials/solutions; and process
materials/solutions, such as vacuum bagging, release films, and sealant
tapes. 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. The Additive Technologies segment
offers polymer additives, such as ultraviolet light stabilizers and
absorbers, and high performance antioxidants and antistatic agents;
specialty additives consisting of surfactants, specialty monomers, resin
amines, and PTZ phenothiazine; and formulated resins.
To analyze the company's stock for potential trading opportunities,
please take a look at the 1-year chart of CYT (Cytec Industries, Inc.)
below with my added notations:
CYT has had a nice run since it's June low of $55. In August the
stock broke above the $65 resistance that had been stalling the stock
and then created a $70 resistance (blue) from there. After breaking
above that resistance in January, the $70 level became support as
expected and $75 became the new level of resistance (red). Now that CYT
has taken another step higher by breaking above $75, one might expect
that level to now become support just as the previous level of $70 did.
The Tale of the Tape: CYT has broken above $75. A
long position could be entered at the $75 support with a stop placed
below the level of entry. A short play could be made on a break below
$75 with an expectation of a fall back down to $70.
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