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:
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.
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