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Eastman Chemical Company (EMN-N) Quote - Press Release

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After Yesterday's Decline of 1.66%, Eastman Chemical Offers Investors Better Value

Comtex SmarTrend(R) - Mon Aug 12, 1:12PM CDT

Eastman Chemical (NYSE:EMN) traded in a range yesterday that spanned from a low of $65.97 to a high of $69.13. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $66.00 on volume of 277,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in Eastman Chemical. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Eastman Chemical in search of a potential trend change.

Over the past year, Eastman Chemical has traded in a range of $64.84 to $100.52 and is now at $66.07, 2% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has remained constant.

Write to SmarTrend at cs@mysmartrend.com

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