Dow Chemical Bullish Moving Average Crossover Alert (DOW)
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