Upgrade Alert for Olin (OLN)

Feb 01, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Olin (NYSE:OLN) was upgraded from Market Perform to Outperform at Wells Fargo today. The stock closed yesterday at $23.26 on volume of 1.8 million shares, above average daily volume of 816,000. Olin Corporation manufactures chemicals and ammunition products. The Company manufactures and sells chlorine, caustic soda, sodium hydrosulfite, hydrochloric acid, hydrogen, sodium chlorate, bleach products, and potassium hydroxide. Olin also manufactures products that include sporting ammunition, reloading components, small caliber military ammunition and industrial cartridges.

Over the past year, Olin has traded in a range of $18.40 to $24.13 and closed yesterday at $23.26, 26% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.1%.

Olin has overhead space with shares priced $23.26, or 4.3% below the average consensus analyst price target of $24.30. The stock should find initial support at its 50-day moving average (MA) of $21.79 and further support at its 200-day MA of $21.10.

SmarTrend recommended that subscribers consider buying shares of Olin on December 10th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $21.46. Since that recommendation, shares of Olin have risen 8.4%. We continue to monitor OLN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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