Stock Picks – Dow Chemical Company-DOW

by Sam Collins | January 7, 2010 10:46 am

 

 Dow Chemical Company (DOW[1]) – 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[2] coming from its 50-day moving average[3].  

Major volume[4] 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.

---

The Options Trader’s Guide to Technical Analysis
In his latest report, learn how John Lansing leverages the power of technical analysis to identify the short window when a trade is set to go straight up or down. Get your FREE copy here![5] 

Source URL: http://www.investorplace.com/2010/01/stock-picks-dow-chemical-company-dow/
Short URL: http://www.investorplace.com/?p=5977

---