Bullish Trendline Could Push Dow Stock Higher
DOWDow(DOW) Schaeffers Research·2024-05-03 00:33

Dow Inc (NYSE:DOW) stock was last seen down 1.4% at 56.45,afterrunningintoresistanceatthe56.45, after running into resistance at the 58 region as it attempted to recover from a pullback from its April 4, 52-week high of $60.69. This creates the perfect opportunity for traders to buy the dip on a stock that sports a 15.8% six-month lead, especially as it sits near a trendline with historically bullish implications. Specifically, Dow stock's recent dip placed it within striking distance of its 100-day moving average. According to Schaeffer's S ...