Shares of Dover Has Risen Above Previous 52-Week High
Shares of Dover (NYSE:DOV) traded at a new 52-week high today of $69.81. Approximately 87,000 shares have changed hands today, as compared to an average 30-day volume of 1.2 million shares.
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.
Dover has overhead space with shares priced $69.81, or 5.8% below the average consensus analyst price target of $74.13. The stock should find initial support at its 50-day moving average (MA) of $65.51 and further support at its 200-day MA of $59.27.
Dover share prices have moved between a 52-week high of $69.81 and a 52-week low of $50.27 and are now trading 39% above that low price at $69.81 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has risen 0.3%.
SmarTrend recommended that subscribers consider buying shares of Dover on November 1st, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $58.90. Since that recommendation, shares of Dover have risen 17.5%. We continue to monitor DOV for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: 52 week high/lows dover