We track 52 stocks in the Chemicals & Petrochemicals industry (part of Chemicals), each checked every evening for a base — a stretch where the price moves sideways in a range instead of trending.
As of the latest close, 40 are still building a base; 2 broke out of a base in the last five sessions; 5 broke out earlier and are still above the breakout level; and 5 broke out but fell back below the breakout level.
The middle stock in this industry has a relative strength reading of 62 out of 99. That reading ranks each stock's price performance over the past year against every stock we track; half of this industry's 52 ranked stocks sit above 62 and half below. 22 stocks have a reading of 70 or higher.
35 of the 52 stocks we could measure (67%) closed above their 200-day average price — the average close over the last 200 trading sessions.