Long Position on HUN @ $28.80 on 9/17/2014 (Momentum)

Bullish Cup & Handle on HUNHuntsman Corporation (HUN) manufactures and sells differentiated organic and inorganic chemical products worldwide.

The company operates in five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments.

The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, propylene oxide, polyols, propylene glycol, thermoplastic polyurethane, aniline, and methyl tertiary-butyl ether products, which are used to produce rigid and flexible foams, as well as coatings, adhesives, sealants, and elastomers.

The Performance Products segment provides amines, carbonates, surfactants, linear alkyl benzene, maleic anhydride, other performance chemicals, ethylene glycol, olefins, and technology licenses.

The Advanced Materials segment offers liquid and solid epoxy resins; specialty resin compounds; cross-linking, matting, and curing agents; and epoxy, acrylic, and polyurethane-based formulations.

The Textile Effects segment provides textile chemicals and dyes.

The Pigments segment offers titanium dioxide.

The company’s products are used for various applications in adhesives, aerospace, automotive, construction products, personal care and hygiene, durable and non-durable consumer products, electronics, medical, packaging, paints and coatings, power generation, refining, synthetic fiber, textile chemicals, and dye industries. Shares have formed a bullish and shallow "cup and handle" and higher share prices are expected for this stock.

 

52-Week Trading Range: $19.03 - $29.33

Entry Point: $28.80

Stop Loss: $27.35

Target Price: $31.68

Updates

9/23/2014 2:09:49 PM

HUN fell below our stop loss. Closed at $27.25.

Position closed on 9/23/2014 at price of $27.25 with a -5.38% loss in 6 days.

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