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Dow Chemical Bearish Moving Average Crossover Alert (DOW)

By Shiri Gupta

Today, shares of Dow Chemical (NYSE:DOW) have crossed bearishly below their 10-day moving average of $52.75 on a volume of 2.0 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Dow Chemical share prices have moved between a 52-week high of $57.10 and a 52-week low of $35.11 and are now trading 49% above that low price at $52.42 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Dow Chemical on February 3rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $46.38. Since that recommendation, shares of Dow Chemical have risen 15.8%. 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

Ticker(s): DOW