Dow Chemical (DOW) Crosses Pivot Point Resistance at $33.89
Dow Chemical (NYSE:DOW) has opened bullishly above the pivot of $33.74 today and has reached the first level of resistance at $33.89. Investors may be interested in a cross of the next upside pivot targets of $34.13 and $34.53.
Dow Chemical share prices have moved between a 52-week high of $36.08 and a 52-week low of $27.45 and are now trading 23% above that low price at $33.85 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.
There is potential upside of 1.8% for shares of Dow Chemical based on a current price of $33.85 and an average consensus analyst price target of $34.47. Dow Chemical shares have support at the 50-day moving average (MA) of $31.03 and additional support at the 200-day MA of $30.99.
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 13.5%. 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