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After Yesterday's Decline of 1.20%, Dover Corp Offers Investors Better Value

By James Quinn

Dover Corp (NYSE:DOV) traded in a range yesterday that spanned from a low of $76.85 to a high of $78.29. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $77.69 on volume of 693,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Dover Corp on March 2nd, 2018 by issuing a Downtrend alert when the shares were trading at $97.55. Since that call, shares of Dover Corp have fallen 20.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Dover Corp share prices have moved between a 52-week high of $109.06 and a 52-week low of $75.74 and are now trading 2% above that low price at $77.17 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.3%.

Keywords: rebounders dover corp

Ticker(s): DOV