Bullish Moving Average Cross by Dow Chemical (DOW)
Today, shares of Dow Chemical (NYSE:DOW) have advanced above their 10-day MA of $53.76 on a volume of 695K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, shares of Dow Chemical have traded between a low of $35.11 and a high of $57.10 and are now at $53.86, which is 53% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%.
SmarTrend recommended that subscribers consider buying shares of Dow Chemical on July 14th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $51.83. Since that recommendation, shares of Dow Chemical have risen 3.5%. We continue to monitor DOW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Dow Chemical