Technical Roundup on Basic Materials Stocks -- Bonanza Creek Energy, Braskem, Rayonier Advanced Materials, and Ashland Global

NEW YORK, May 11, 2017 /PRNewswire/ --

The Basic Materials sector includes companies that are involved with the discovery, development, and processing of raw materials. The sector is sensitive to changes in the business cycle, and because it supplies materials for construction, the sector depends on a strong economy. In today's pre-market research, Stock-Callers.com scans the performances of: Bonanza Creek Energy Inc. (NYSE: BCEI), Braskem S.A. (NYSE: BAK), Rayonier Advanced Materials Inc. (NYSE: RYAM), and Ashland Global Holdings Inc. (NYSE: ASH). Sign up today and download for free the research reports for the stocks covered today at:

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Bonanza Creek Energy  

Denver, Colorado headquartered Bonanza Creek Energy Inc.'s stock finished Wednesday's session 4.57% higher at $38.46. A total volume of 253,633 shares was traded, which was above their three months average volume of 49,610 shares. The Company's shares are trading 64.91% below their 50-day moving average. Additionally, shares of Bonanza Creek Energy, which engages in the exploration, development, and production of onshore oil and related liquids-rich natural gas in the US, have a Relative Strength Index (RSI) of 23.01.

On April 28^th, 2017, Bonanza Creek Energy announced that, in accordance with and pursuant to its Plan of Reorganization, which was confirmed by the US Bankruptcy Court for the District of Delaware on April 07^th, 2017, the Company has successfully completed its prepackaged restructuring and emerged from Chapter 11. BCEI complete research report is just a click away at:

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Braskem  

On Wednesday, shares in Sao Paulo, Brazil headquartered Braskem S.A. recorded a trading volume of 421,501 shares. The stock ended the session 0.09% lower at $21.85. The Company's shares have advanced 2.92% in the last one month, 1.11% in the previous three months, and 3.02% on an YTD basis. The stock is trading 6.02% above its 50-day moving average and 21.50% above its 200-day moving average. Moreover, shares of Braskem, which together with its subsidiaries, produces and sells thermoplastic resins, have an RSI of 59.54. The complimentary report on BAK can be downloaded at:

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Rayonier Advanced Materials  

Jacksonville, Florida headquartered Rayonier Advanced Materials Inc.'s shares closed the day 3.59% higher at $13.28. The stock recorded a trading volume of 339,911 shares. The Company's shares have gained 2.95% in the last month and 3.17% over the previous three months. The stock is trading 2.23% above its 50-day moving average. Additionally, shares of Rayonier Advanced Materials, which manufactures and sells cellulose specialty products in the US, China, Japan, Canada, Europe, Latin America, other Asian countries, and internationally, have an RSI of 53.10.

On May 01^st, 2017, Rayonier Advanced Materials reported Q1 2017 results. Net income for the quarter was $10 million; sales were $201 million; operating income was $26 million; and interest expense, net of interest income and other expense was $8 million. In addition, the Company generated operating cash flows of $38 million and adjusted free cash flows of $24 million in Q1 2017. Sign up for your complimentary report on RYAM at:

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Ashland Global  

Shares in Covington, Kentucky headquartered Ashland Global Holdings Inc. finished 0.66% higher at $123.97. The stock recorded a trading volume of 546,284 shares. The Company's shares have advanced 5.71% in the previous three months and 13.80% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 0.64% and 6.53%, respectively. Furthermore, shares of Ashland Global, which provides specialty chemical solutions worldwide, have an RSI of 51.90.

On May 08^th, 2017, Ashland Global announced that it has determined the final distribution ratio relating to its previously announced distribution of an aggregate of 170,000,000 shares of common stock of Valvoline Inc. on May 12^th, 2017, the distribution date, as a pro-rata dividend on shares of Ashland's common stock outstanding at the close of business on the record date of May 05^th, 2017. Download the research report for free on ASH at:

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