$CC - What is next for Chemours?


Chemours shareholders have seen their stock rise recently from $12 to almost $20 in less than 2 months. While that is a significant return, it does little for those who have been holding since the stock last traded above $40 in April of this year.

From a technical perspective, things are looking positive. There appears to be a clear upward momentum on the stock, fueled by recent solid earnings. My best guess according to the technical environment is that the stock could struggle to break and close about $20. If it manages to do that, $25 should be an easy target. Beyond that, the stock could have a clear path back to $40 without much resistance. We'll monitor closely!


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