E. I. du Pont de Nemours and Company operates as a science and
technology based company worldwide. Its Agriculture segment provides
corn hybrid, soybean, canola, sunflower, sorghum, inoculants, wheat, and
rice seed products under the Pioneer brand; and herbicides, fungicides,
and insecticides. The company's Electronics and Communications segment
supplies materials and systems, including photopolymers and electronic
materials for photovoltaic products, consumer electronics, displays, and
advanced printing. The Industrial Biosciences segment develops and
manufactures a portfolio of enzymes. The Nutrition and Health segment
offers cultures, emulsifiers, gums, natural sweeteners, and soy-based
food ingredients. The Performance Chemicals segment offers industrial
and specialty chemical products for markets, including plastics and
coatings, textiles, mining, pulp and paper, water treatment, and
healthcare; titanium dioxide products. The Performance Materials segment
provides thermoplastic and thermoset engineering polymers, elastomers,
films, parts, and systems and solutions for the automotive original
equipment manufacturers and associated after-market industries. The
Safety and Protection segment primarily offers nonwovens, aramids, and
solid surfaces for the construction, transportation, communications,
industrial chemicals, oil and gas, electric utilities, automotive,
manufacturing, defense, homeland security, and safety consulting
industries. The Pharmaceuticals segment represents its interest in the
collaboration relating to Cozaar/Hyzaar antihypertensive drugs.
To review E.I.'s stock, please take a look at the 1-year chart of DD
(E. I. du Pont de Nemours and Company) below with my added notations:
DD had been trading in a sideways range for the last 4 months. During
that period of time the stock had also been bouncing within a common
chart pattern known as a rectangle. Rectangle patterns form when a stock
bounces between a horizontal support and resistance. A minimum of (2)
successful tests of the support and (2) successful tests of the
resistance will give you the pattern. DD's rectangle pattern had formed a
$60 resistance (blue) and a $56 support (green). Now that the stock
has broken its rectangle resistance higher prices should follow.
The Tale of the Tape: DD has broken through the
resistance of its rectangle pattern. The possible long position on the
stock would be on a pullback to $60. The ideal short opportunity would
be on a break back below $60.
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