Dow Chemical Bullish Moving Average Crossover Alert (DOW)
Today, shares of Dow Chemical (NYSE:DOW) have crossed bullishly above their 10-day moving average of $37.64 on a volume of 884K 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 $27.45 and a high of $39.20 and are now at $37.82, 38% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.1%.
SmarTrend recommended that subscribers consider buying shares of Dow Chemical on July 17th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $34.47. Since that recommendation, shares of Dow Chemical have risen 8.5%. 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