Univar (UNVR) : Traders are bullish on Univar (UNVR) as it has outperformed the S&P 500 by a wide margin of 4.61% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.9%, 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 3.07% in the last 1 week, and is up 4.05% 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 7.18% and the 50-Day Moving Average is 11.09%.The 200 Day SMA reached 25.07%
Univar (NYSE:UNVR): After opening at $21.3, the stock dipped to an intraday low of $21.17 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $22 and the buying power remained strong till the end. The stock closed at $21.85 for the day, a gain of 3.11% for the day session. The total traded volume was 1,037,292. The stocks close on the previous trading day was $21.85.
Univar (UNVR) : The highest level Univar (UNVR) is projected to reach is $26 for the short term and the lowest estimate is at $20. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $22 and the possibility the share price can swing is $2.35.
Univar Inc. is a global chemical distributor and provider of services. The Company source chemicals from over 8,800 producers worldwide and provide a range of products and services to over 133,000 customer locations in over 150 countries. The Companys customers, includes Akzo Nobel, Dow Chemical Company, Henkel, Ecolab, PPG, Valero Energy, FMC Corporation, Georgia-Pacific and Kellogg Company. The Company operates in its geographical segments: Univar USA (USA), Univar Canada, or Canada, Univar Europe and the Middle East and Africa, or EMEA, and Rest of World. The Company serves all of the premier United States oil and gas plays, including Bakken, Eagle Ford and Marcellus as well as the Canadian oil sands.