Ashland (ASH) Shares are Up 2.8%

Ashland (ASH) : Traders are bullish on Ashland (ASH) as it has outperformed the S&P 500 by a wide margin of 5.44% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.25%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.8% in the last 1 week, and is up 3.3% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 2.2% and the 50-Day Moving Average is 2.53%.The 200 Day SMA reached 10.69% Ashland Inc. is up 4.93% in the last 3-month period. Year-to-Date the stock performance stands at 17.89%.


Ashland (ASH) : The highest short term price target forecast on Ashland (ASH) is $140 and the lowest target price is $125. A total of 5 equity analysts are currently covering the company. The average price of all the analysts is $133.2 with a standard deviation of $5.59.

For the current week, the company shares have a recommendation consensus of Buy. Ashland (NYSE:ASH): The stock opened at $117.93 and touched an intraday high of $120.47 on Friday. During the day, the stock corrected to an intraday low of $117.93, however, the bulls stepped in and pushed the price higher to close in the green at $119.75 with a gain of 0.90% for the day. The total traded volume for the day was 1,030,305. The stock had closed at $119.75 in the previous trading session.

Ashland Inc. (Ashland) is a specialty chemical company that provides products, services and solutions to industries. The Companys segments are: Ashland Specialty Ingredients offers products, technologies and resources in key markets including personal and home care, pharmaceutical, food and beverage, coatings, construction, energy and other industries; Ashland Water Technologies is a supplier of specialty chemicals and services to the pulp, paper, mining, food and beverage, power generation, refining, chemical processing, general manufacturing and municipal markets. Ashland Performance Materials helps customers to create substitutes for traditional materials through higher performing, cost-efficient resin and adhesive technologies that improve the manufacturing, fabrication and design process, and Ashland Consumer Markets delivers premium-branded automotive, commercial and industrial lubricants, automotive chemicals and car-care products.

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