Buyers Stepping In - Cytec | Tech-Corner

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Buyers Stepping In - Cytec

Published on Tuesday, 28 August 2012 11:38 Written by TradersHuddle Wire

cyt New York, August 28th (TradersHuddle.com) - Unusual high volume detected on shares of Cytec Industries Inc. (NYSE:CYT) early in the trading session. The pace in volume of Cytec is already above average, with buyers stepping in, as the stock is 3.99% higher.

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 has already traded 2.831 times its 3-month average volume and has calculated support and resistance at $58.19 and $65.94 respectively. Traders like to use volume as their lie detector for price action movement through predefined trading ranges.

The overall market index S&P 500 is trading lower by -0.09% 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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