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Calumet Specialty Products (CLMT) produces and sells specialty hydrocarbon products in North America. It operates in two segments, Specialty Products and Fuel Products.
The Specialty Products segment processes crude oil and other feedstocks into various customized lubricating oils, white mineral oils, solvents, petrolatums, gelled hydrocarbons, cable fillers, natural petroleum sulfonates, waxes, and compressor lubricants. Its products are used in applications in a range of industries, such as industrial goods, including metal working fluids, belts, hoses, sealing systems, batteries, hot melt adhesives, pressure sensitive tapes, electrical transformers, refrigeration compressors, and drilling fluids; consumer goods, including candles, petroleum jelly, creams, tonics, lotions, coating on paper cups, chewing gum base, automotive aftermarket car-care products, lamp oils, charcoal lighter fluids, camping fuel, and various aerosol products; and automotive goods, such as motor oils, greases, transmission fluid, and tires.
The Fuel Products segment processes crude oil into various fuel and fuel-related products, such as gasoline, diesel, jet fuel, and heavy fuel oils. This segment also offers fuel-related products, including fluid catalytic cracking feedstock, asphalt vacuum residuals, and mixed butanes.
Shares have are in the process of forming a bullish "cup and handle" and presently in the "handle" portion of the formation. The formation is supported by the stock's 50-day moving average. We expect higher prices from current level.
52-Week Trading Range: $17.82 - $33.96
Last Trade: $31.00
Stop Loss: $29.45
Target Price: $34.10
This stock has hit our stop-loss. We are closing the position.
