Dow Chemical Company (DOW) – This worldwide manufacturer of chemicals, plastic materials, and agricultural and other specialized products, has been in a bull channel since March 2009.
Since then, DOW has traded with support coming from its 50-day moving average.
Major volume is currently entering the picture, and the stock is rapidly moving higher.
Traders can look to $35 as its next target, but longer-term investors will probably want to hold DOW as a blue-chip cornerstone stock.
Credit Suisse Equity Research has an “outperform” rating and $39 price target on the stock.
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