Dow Chemical Company (DOW) – stock is trading around $53.28 dollars as of December, 16, 2019 and offering a possible buying price between $53.28 – $55.94. Let’s look at the stocks technical actions using a weekly chart.
2. The stock was in a downtrend ever since the IPO and started to live below the 50 day moving average (DMA) line.
3. The stock finally bottomed out in September and brokeout, as well.
4. The stock witnessed a quick run after that.
5. The stock found support at the 50 DMA after the breakout and recently, as well.
6. The stock is offering possible buying price between $53.28 – $55.94, with a stop loss at $49.02.
This stock is already part of the Stocks Under 100 Dollars pick and performance will be tracked here .
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