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Shares of Dover Corp Has Risen Above Previous 52-Week High

By Shiri Gupta

Dover Corp (NYSE:DOV) traded at a new 52-week high today of $97.88. This new high was reached on below average trading volume as 97,000 shares traded hands, while the average 30-day volume is approximately 861,000 shares.

Dover Corp (NYSE:DOV) is currently priced 11.8% above its average consensus analyst price target of $86.16. The stock should discover initial support at its 50-day moving average (MA) of $92.11 and subsequent support at its 200-day MA of $84.22.

Over the past year, Dover Corp has traded in a range of $65.83 to $97.88 and is now at $97.71, 48% above that low. The 200-day and 50-day moving averages have moved 0.44% higher and 0.63% higher over the past week, respectively.

Dover Corporation manufactures a variety of specialized industrial products and manufacturing equipment. The Company's products include material handling equipment, refuse truck bodies, tank trailers, refrigeration systems, refrigeration display cases, marking and coding systems, sucker rods, drill bit inserts, nozzles, swivels and breakaways, and electronic technology equipment.

SmarTrend is tracking the current trend status for Dover Corp and will alert subscribers who have DOV in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows dover corp

Ticker(s): DOV