LONDON, March 13, 2013 /PRNewswire/ --
On Tuesday, S&P closed the day 0.24 percent down at 1,552.48. NASDAQ also finished lower at 3,242.32, down 0.32 percent while Conversely, The Dow Jones remained in green territory with 0.02 percent gain to end yesterday's session at 14,450.06. German chemical company BASF expects global chemical production to rise in 2013 which could prove beneficial for companies such as Axiall Corp. (NYSE: AXLL), Praxair Inc. (NYSE: PX), and LyondellBasell Industries NV (NYSE: LYB). On Tuesday, basic materials stocks, including, Pacific Ethanol Inc. (NASDAQ: PEIX), ended mostly higher even as the broad market ended on a mixed note. StockCall has issued technical analysis and charting reports on AXLL, PX, PEIX, and LYB. Download these free reports now at
http://www.stockcall.com/todaysopinions
Shares of Axiall Corp.'s rose sharply in Tuesday's trading session. The stock closed 2.09% higher at $60.07 on volume of 1.45 million. The stock touched an intra-day high of $60.76 yesterday. Axiall's shares are currently trading close to their 52-week high of $61. The stock has had an excellent run in 2013, gaining more than 45%, compared to a gain of 8.85% for the S&P 500. The company's shares have just broken through $60, which has been a stiff resistance level for the stock in the recent past. This is a bullish signal. The upbeat trend is further confirmed by the stock's MACD chart. The MACD has just crossed above the signal line and is also trading above the zero-line. Shares of AXLL are currently trading above their 50-day and 200-day moving averages. Download the free research on AXLL today by registering at
http://www.StockCall.com/AXLL031313.pdf
Shares of Praxair Inc. edged lower in Tuesday's trading session. The stock ended the day 0.46% lower at $112.92 on above average volume of 1.25 million. The industrial gas maker's shares initially rose to $114 yesterday; however, they pared their gains to finish at $112.92. Year-to-date, the stock has now gained more than 3%, underperforming the broad market. Praxair's shares have been facing stiff resistance at around $114. The stock is currently trading above its 50-day and 200-day moving averages, which is a bullish signal. However, the stock's recent volume activity and MACD chart suggests that market sentiment may have turned bearish on the stock. Sign up and have access to our free report on PX at
http://www.StockCall.com/PX031313.pdf
Shares of Pacific Ethanol Inc. rallied in Tuesday's trading session. The stock closed 5.09% higher at $0.415 on above average volume of 6.11 million. The stock has now gained more than 9% in the last three sessions. The low carbon renewable fuels maker's shares have outperformed the broad market this year, gaining more than 31%. The stock has recently crossed its 200-day moving average, which is a bullish signal. The positive trend is further confirmed by recent volume activity and stock's MACD chart. The company's shares currently face resistance at around $0.46. Sign up and read the complimentary report on PEIX at
http://www.StockCall.com/PEIX031313.pdf
Shares of Netherlands-based LyondellBasell Industries NV edged higher in Tuesday's trading session; however, the gains were limited. The stock closed 0.55% higher at $64.08 on volume of 4.51 million after hitting a 52-week high of $64.40. The company's shares have broken through $64 resistance level, which is a bullish signal. The stock is trading well above its 50-day and 200-day moving averages, which further confirms the bullish trend. The free report on LYB can be downloaded by signing up now at
http://www.StockCall.com/LYB031313.pdf
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