Tuesday, September 3, 2013

Axiall Corp (NYSE: AXLL)

Axiall Corporation operates as an integrated chemicals and building products company in North America and Asia. The company manufactures chlor-alkali and derivatives, chlorovinyls, and aromatics products, including chlorine, caustic soda, ethylene dichloride, vinyl chloride monomer, polyvinyl chloride, vinyl resins, vinyl compounds, compound additives and plasticizers, chlorinated solvents, calcium hypochlorite, muriatic acid, phosgene derivatives, acetone, cumene, phenol, and alpha-methylstyrene. These products are used in various applications, including plastics, pulp and paper production, packaging, chemical intermediates, pharmaceuticals, medical and agricultural applications and paints, acrylics, and varnishes. It also produces vinyl-based building and home improvement products, such as window and door profiles, siding products, pipe and pipe fittings, moldings, and trim and decking products, which are marketed under the Royal Building Products, Celect, Zuri, Korflo, Overture, S4S, and Exterior Portfolio brand names for the electrical, municipal, irrigation, plumbing, and residential and industrial applications.

Please take a look at the 1-year chart of AXLL (Ocwen Financial Corporation) below with my added notations:
1-year chart of AXLL (Ocwen Financial Corporation) AXLL has been on quite a ride this past year. After bouncing on $35 for a couple of months (red) back in 2012, AXLL rallied all the way up to $65 in March. Then, right back down again. Over this period of time, the stock has created an important price level of $40 (navy) that has acted as both support and resistance whenever the stock has come in contact with it.

The Tale of the Tape: AXLL is approaching $40 again. A long trade could be made on a pullback down to $40 with a stop placed below that level. A break of $40 should mean a fall back down to $35 where another long trade could be made.
Please share this article

No comments:

Post a Comment