Dow Chemical Company (The) (NYSE: DOW) shares slid back in value on Tuesday February 14 on lighter trade volume than normal after a number of analysts weighed in on the investing value of the stock with a upgraded rating.
Meanwhile U.S. stocks opened slightly lower on Tuesday. The main three benchmarks retreated after touching the latest in a series of record highs on Monday, with the S&P 500 index SPX, -0.09% down two points, or 0.1%, to 2,326.
The Dow Jones Industrial Average DJIA, -0.02% fell 34 points, or 0.2%, to 20,381. The Nasdaq Composite Index COMP, -0.13% shed eight points, or 0.1%, to 5,756.
Analysts at Vetr Inc. upgraded shares of Dow Chemical Company (The) (NYSE: DOW) from Sell to Hold today. The company currently has a rating of Hold on the shares. A number of other analysts have commented on the company recently, and the company has earned a consensus one-year price target of $66.78, higher than the opening price of $61.05. Dow Chemical Company (The) stock has a 52-week high of $61.85. Usually, after analysts assign an upgrade report on a stock, they will later issue sporadic revisions, such as a price target change.
Shares of Dow Chemical Company (The) (NYSE: DOW) opened at $61.05 yesterday trading between $60.63 and $61.32, and last traded at $61.30, which is a drop of $0.26 compared to the previous closing price.
Dow Chemical Company (The) (NYSE: DOW) now has a market cap of 74.38B.
Dow Chemical Company (The) (NYSE: DOW) Average Daily Trading Volume
The stock’s average daily volume is 6,422,630 shares out of a total float 1,137,904,000 and some 704,061 shares crossed the trading desk yesterday, 9 percent lower than the average. lower than normal. Look for trading volume to pick up in the coming days as swing traders often use swings in trading volume to identify heavy volume accumulation or distribution by institutional investors.
As with all potential breakouts, investors look for volume to be at least 40%-50% higher than normal on the breakout to show that fund managers and other professional investors are jumping in.
Institutional sponsorship just refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions.
These instituitional investors have substantial teams of analysts that research thousands of stocks. Thus, watching their interests is a good way to ensure you are buying the right stocks.
Dow Chemical Company (The) (NYSE: DOW) Moving Averages
A moving average can also act as support or resistance. In an uptrend a 50-day, 100-day or 200-day moving average may act as a support level, as shown in the figure below.
This is because the average acts like a floor (support), so the price bounces up off of it.
In a downtrend a moving average may act as resistance; like a ceiling, the price hits it and then starts to drop again.
By spotting trends, moving averages allow investors to make those trends work in their favor and increase the number of successful trades.
Trades for Dow Chemical Company (The) (NYSE: DOW) have ranged from $44.89 – 61.8500, and the stock now has a 50-day MA of $58.90 and 200-day MA of $55.25. Today’s last price is 0.88%% lower than the 52 week high of $61.85.
Indeed, earnings growth is among the most important things to look at in regards to stock investing and, accordingly, investors identify companies that have increased their earnings by at least 25% over 3 consecutive years.
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