Friday, May 29, 2015

Chart of the Day - Cytec Industries (CYT)

The Chart of the Day belongs to Cytec Industries (CYT). I found the stock by sorting the All Time High list for the stocks with the highest technical buy signals, then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 3/19 the stock gained 14.74%.

Cytec Industries Inc. is a global specialty chemicals and materials company focused on developing, manufacturing and selling value-added products with sales. The company's products serve a diverse range of end markets including aerospace, adhesives, automotive and industrial coatings, chemical intermediates, inks, mining and plastics. The Company use its technology and application development expertise to create chemical and material solutions that are formulated to perform specific and important functions in the finished products of their customers.


Fundamental factors:
 Market Cap $4.32 billion
 P/E 19.18
 Dividend yield .85%
 Revenue expected to row 5.90% this year and another 7.80% next year
 Earnings estimated to increase 10.80% this year, an additional 14.30% next year and continue to compound annually at a rate of 10.52% for the next 5 years
 Wall Street analysts issued 2 strong buy, 5 buy and 3 hold recommendations on the stock.
None of the regular technical trading strategies have been reliable on this stock so I would recommend you use a trailing stop loss 10% the most recent high.

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