Chemtura Corporation (NYSE:CHMT) stock has moved in a downward direction over the past week, yielding losses for investors.  Based on the recent close, the shares have dropped -0.41% over the past five trading days.  Looking further out, the stock is -2.16% year to date.  With increased market volatility, stakeholders will likely be deciding whether or not now is a good time to cut losses or double down on the pullback.

Wall Street analysts are still seeing some upside to the stock despite the recent move. Sell-side firms, on a consensus basis have a $33.67 price target on the name and a 1.9 recommendation, according to First Call. The recommendation is based on a 1 to 5 scale where 1 or 2 indicates a Buy recommendation, 3 a Hold and 4-5 a Sell.

Technicals
In taking a look at technical levels, shares are trading -0.55% away from the 50 day simple moving average and -3.14% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -17.59% away from it’s 52- week high and 13.40% away from its 52 week low. After the recent increase, investors may also look to see if the stock has entered overbought territory and could possibly ripe for a pullback. Traditionally a stock is considered to be overbought when the Relative Strength Index moves above 70. As of writing, Chemtura Corporation’s RSI stands at 50.62 . In looking at volatility levels, the shares saw weekly volatility of 1.62% and 2.42% over the past month.