Dow Chemical Bullish Moving Average Crossover Alert (DOW)
Dow Chemical (NYSE:DOW) shares have crossed bullishly above their 10-day moving average of $52.24 on a volume of 761K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
Dow Chemical share prices have moved between a 52-week high of $54.97 and a 52-week low of $41.45 and are now trading 26% above that low price at $52.38 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has remained constant.
SmarTrend recommended that subscribers consider buying shares of Dow Chemical on April 20th, 2015 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $49.95. Since that recommendation, shares of Dow Chemical have risen 4.1%. 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