Dow Chemical (DOW) Approaches New Upside Target of $31.46
Dow Chemical (NYSE:DOW) has opened bullishly above the pivot of $30.95 today and has reached the first level of resistance at $31.25. Should the shares continue to rise, the resistance pivots of $31.46 and $31.97 will be of interest.
Dow Chemical (NYSE:DOW) has potential upside of 8.8% based on a current price of $31.19 and analysts' consensus price target of $33.92. The stock should hit resistance at its 200-day moving average (MA) of $31.31, as well as support at its 50-day MA of $29.33.
Over the past year, Dow Chemical has traded in a range of $25.23 to $36.08 and is now at $31.19, 24% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has slid 0.2%.
SmarTrend recommended that subscribers consider buying shares of Dow Chemical on November 27th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $29.65. Since that recommendation, shares of Dow Chemical have risen 4.7%. We continue to monitor DOW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: pivot alerts Dow Chemical