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Shares of Dover Has Risen Above Previous 52-Week High

By David Diaz

Dover (NYSE:DOV) traded at a new 52-week high today of $93.35. So far today approximately 95,000 shares have been exchanged, as compared to an average 30-day volume of 951,000 shares.

Dover has overhead space with shares priced $92.97, or 3.9% below the average consensus analyst price target of $96.71. The stock should find initial support at its 50-day moving average (MA) of $90.11 and further support at its 200-day MA of $80.36.

In the past 52 weeks, Dover share prices have been bracketed by a low of $59.76 and a high of $93.35 and are now at $92.97, 56% above that low price. The 200-day and 50-day moving averages have moved 0.44% higher and 0.43% 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 and will alert subscribers who have DOV in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows dover

Ticker(s): DOV