Olin Corporation (OLN) : Traders are bullish on Olin Corporation (OLN) as it has outperformed the S&P 500 by a wide margin of 2.9% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.27%, 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 0.61% in the last 1 week, and is up 2.68% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 3.06% and the fifty day Moving Average is 5.13%. Olin Corp. has dropped 4.67% during the last three month period . Year-to-Date the stock performance stands at 28.61%.
Olin Corporation (OLN) has been rated by 4 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $29 and the lowest price target forecast is $20. The average forecast of all the analysts is $24.75 and the expected standard deviation is $3.77.
Olin Corporation (NYSE:OLN): stock turned positive on Friday. Though the stock opened at $21.46, the bulls momentum made the stock top out at $21.74 level for the day. The stock recorded a low of $21.29 and closed the trading day at $21.46, in the green by 0.33%. The total traded volume for the day was 1,432,481. The stock had closed at $21.39 in the previous days trading.
Olin Corporation is a manufacturing company. The Company operates in three segments: Chlor Alkali Products, Chemical Distribution and Winchester. Chlor Alkali Products manufactures and sells chlorine and caustic soda, hydrochloric acid, hydrogen, bleach products and potassium hydroxide. Chemical Distribution manufactures bleach products and distributes caustic soda, bleach products, potassium hydroxide and hydrochloric acid. Winchester products segments include sporting ammunition, reloading components, small caliber military ammunition and components and industrial cartridges. The Companys subsidiary, Olin Canada ULC, operates one chlor alkali facility in Becancour, Canada, which sells chlor alkali-related products within Canada and to the United States and also sells and distributes ammunition within Canada. Its subsidiary, Winchester Australia Limited, loads and packs sporting and industrial ammunition in Australia.