Trade Alert - Cytec at New Highs | 52 WeekHighLow

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Trade Alert - Cytec at New Highs

Published on Tuesday, 17 April 2012 11:34 Written by TradersHuddle Wire

cyt New York, April 17th (TradersHuddle.com) - Shares of Cytec Industries Inc. (NYSE:CYT) booked a new 52 week high today by trading above $62.8, traders are definitely monitoring Cytec's price action to see if this move attracts further buying into the stock.

Cytec Industries Inc. (NYSE:CYT) manufactures, and markets specialty chemicals, specialty materials, and building block chemicals. The Company serves various end users including aerospace, plastics, coatings, mining, paper, water treatment, and automotive industries.

Cytec is currently trading 0.36% versus its previous trading session close, and it has calculated support and resistance at $56.50 and $64.90 respectively. Clearly, with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range.

The overall market index S&P 500 is trading flat by 0% from its previous trading close, which means that Cytec stock is outperforming the overall market.

Note - Automated Content Created By TradersHuddle's Technical Scanner

Cytec Industries (CYT): Today's Featured Chemicals Laggard - TheStreet.com
Cytec Stock To Go Ex-dividend Tomorrow (CYT) - TheStreet.com
Cytec Stock Hits New 52-Week High (CYT) - TheStreet.com
UPDATE: Jefferies & Company Reiterates Hold Rating, Raises PT on Cytec Industries - Benzinga
Cytec Increases Stock Buyback Authorization to $650M - Benzinga
Seeing a Two-Step Pattern - TheStreet.com
Basic Materials Stocks, Including Mosaic, Making Big Moves on September 18, 2012 - Investopedia
Cytec Enters Strategic Collaboration with Jaguar Land Rover To Develop Cost-Effective Use of Composites Materials for Automotive Structures - Benzinga
Basic Materials Sector's Biggest Movers for July 13, 2012 - Investopedia
Cytec Stock To Go Ex-dividend Tomorrow (CYT) - TheStreet.com

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