Evonik Industries (FRA:EVK) Stock Price Passes Above Fifty Day Moving Average – What’s Next?

Evonik Industries AG (FRA:EVK)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of €14.68 and traded as high as €16.68. Evonik Industries shares last traded at €16.57, with a volume of 1,794,956 shares trading hands.

Evonik Industries Stock Performance

The company has a 50 day simple moving average of €14.68 and a 200 day simple moving average of €14.17.

Evonik Industries Company Profile

Evonik Industries AG produces specialty chemicals in the Asia-Pacific, Europe, the Middle East, Africa, Central and South America, and North America. It operates through Specialty Additives, Nutrition & Care, Smart Materials, Performance Materials, and Technology & Infrastructure segments. The Specialty Additives segment provides additives for polyurethane; additives, matting agents, fumed silicas, and specialty resins for paints, coatings, and printing inks; isophorone and epoxy curing agents for coatings, adhesives, and composites; and pour-point depressants, and viscosity index improvers for coatings for oil and other lubricants for construction machinery and automotive sector.