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Jan 11, 2013 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for Cabot (NYSE:CBT) on November 27th, 2012 at $37.38. In approximately 2 month, Cabot has returned 13.85% as of today's recent price of $42.55.
In the past 52 weeks, shares of Cabot have traded between a low of $32.50 and a high of $44.97 and are now at $42.90, which is 32% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.5%.
Cabot Corporation has businesses in chemicals, performance materials, and specialty fluids. The Company manufactures and sells carbon black, fumed silica, plastics, inkjet colorants, tantalum, niobium, and germanium. Cabot's specialty fluids business produces and markets cesium formate as a drilling and completion fluid for use in oil and gas well operations.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Cabot shares.Log in and add Cabot (CBT) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
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Copyright, Comtex News Network, Inc. 2013
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