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Dow Chemical Bullish Moving Average Crossover Alert (DOW)

By James Quinn

Today, shares of Dow Chemical (NYSE:DOW) have advanced above their 10-day MA of $42.69 on a volume of 4.3 million 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, Dow Chemical share prices have been bracketed by a low of $35.11 and a high of $57.10 and are now at $42.86, 22% above that low price. The 200-day and 50-day moving averages have moved 0.18% lower and 1.08% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Dow Chemical on January 6th, 2016 by issuing a Downtrend alert when the shares were trading at $48.57. Since that call, shares of Dow Chemical have fallen 12.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Dow Chemical

Ticker(s): DOW