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After Yesterday's Rally of 1.11% Shares Could Potentially Pullback

By Amy Schwartz

Dow Chemical Co (NYSE:DOW) traded in a range yesterday that spanned from a low of $65.85 to a high of $66.50. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $66.46 on volume of 1.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Dow Chemical Co share prices have moved between a 52-week high of $66.48 and a 52-week low of $47.51 and are now trading 39% above that low price at $66.25 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Dow Chemical Co on June 6th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $63.46. Since that recommendation, shares of Dow Chemical Co have risen 3.6%. We continue to monitor DOW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders dow chemical co

Ticker(s): DOW