Eastman Chemical Powers Higher
Sparked by last night's third-quarter earnings beat and a better 2012 forecast, Eastman Chemical (EMN) is surging nearly 13% on very heavy midday trading.
The stock is one of the best performers on the NYSE today. Volume pacing the rally is already more than double the daily average and will be the second-heaviest positive day of the year. This powerful move began with a huge gap-higher open, sharply reversing Thursday's settle at fresh October lows. Despite the overall sluggish market action, so far today EMN has remained well-bid, despite reaching heavy supply near the previous 52-week highs. Shares of EMN are displaying a very bullish set up....204 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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