SmarTrend's Trend Spotter See Continued Upward Momentum on Shares of Cytec Industries (CYT)
SmarTrend identified an Uptrend for Cytec Industries (NYSE: CYT) on February 16, 2010 at $40.83. In approximately 1 month, Cytec Industries has returned 11% as of today's recent price of $45.33.
Cytec Industries is currently above its 50-day moving average of $41.02 and above its 200-day moving average of $32.40. Look for these moving averages to climb to confirm the company's upward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Cytec Industries shares.
Write to Chip Brian at cbrian@tradethetrend.com
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