Bullish Two Hundred Day Moving Average Cross

Shares of Stepan Co. (SCL) crossed above their 200-day moving average of $50.50 and traded as high as $51.69, up about 3.8% on Wednesday. The move is a technical breakout that may attract momentum traders, but the report contains no fundamental or company-specific catalyst beyond price action.

Analysis

Shares of Stepan Co. (SCL) crossed above their 200-day moving average of $50.50 and traded as high as $51.69, up about 3.8% on Wednesday. The move is a technical breakout that may attract momentum traders, but the report contains no fundamental or company-specific catalyst beyond price action.