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Shares of Dover Corp Rise Above Previous 52-Week High

By Amy Schwartz

Shares of Dover Corp (NYSE:DOV) traded at a new 52-week high today of $105.64. So far today approximately 77,000 shares have been exchanged, as compared to an average 30-day volume of 642,000 shares.

Dover Corp (NYSE:DOV) is currently priced 18.0% above its average consensus analyst price target of $86.16. The stock should find initial support at its 50-day moving average (MA) of $97.38 and further support at its 200-day MA of $94.51.

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.

Over the past year, Dover Corp has traded in a range of $65.83 to $105.64 and is now at $105.08, 60% above that low. The 200-day and 50-day moving averages have moved 0.56% higher and 1.08% higher over the past week, respectively.

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