Dana Holding Corporation (NYSE:DAN)

Q:Good morning Chip,

Thanks for your help.  I really like this stock.  Lots of potential.
With all the cost cutting, and expected rise in auto sales (esp. Ford), do you think DAN can hit $5.00 before year end?

A:We issued an Uptrend on shares of DAN on July 15 at $2.16 and the stock continues to run.  At the moment, however, our proprietary NDBV and IBDV indicators are moving lower from and overbought condition and need to further unwind.  The stock is well above its moving averages which usually means there is a greater risk of some profit taking in the near term.