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Watch for Shares of Dover Corp (DOV) to Approach Resistance at $77.74

By David Diaz

Dover Corp (NYSE:DOV) has opened bullishly above the pivot of $76.97 today and has reached the first level of resistance at $77.35. Investors may be interested in a cross of the next upside pivot targets of $77.74 and $78.51.

Dover Corp share prices have moved between a 52-week high of $109.06 and the current low of $0.00 and are currently at $0.00 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has remained constant.

There is potential upside of 0.0% for shares of Dover Corp based on a current price of $0.00 and an average consensus analyst price target of $112.76. Dover Corp shares should first meet resistance at the 200-day moving average (MA) of $61.90 and find additional resistance at the 50-day MA of $64.33.

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 $97.54. Since that call, shares of Dover Corp have fallen 21.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: pivot alerts dover corp

Ticker(s): DOV