When Dover Corp ($DOV) Moves Investors should Listen
September 16, 2023, 23:15 pm ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for DOV
- Buy DOV slightly over 139.11 target 149.37 stop loss @ 138.71 Details
The technical summary data tells us to buy DOV near 139.11 with an upside target of 149.37. This data also tells us to set a stop loss @ 138.71 to protect against excessive loss in case the stock begins to move against the trade. 139.11 is the first level of support below 144.45 , and by rule, any test of support is a buy signal. In this case, support 139.11 would be being tested, so a buy signal would exist.
- Short DOV slightly under 149.37, target 139.11, stop loss @ 149.8 Details
The technical summary data is suggesting a short of DOV as it gets near 149.37 with a downside target of 139.11. We should have a stop loss in place at 149.8though. 149.37 is the first level of resistance above 144.45, and by rule, any test of resistance is a short signal. In this case, if resistance 149.37 is being tested, so a short signal would exist.
Swing Trading Plans for DOV
- Buy DOV slightly over 145.67, target 149.37, Stop Loss @ 145.25 Details
If 145.67 begins to break higher, the technical summary data tells us to buy DOV just slightly over 145.67, with an upside target of 149.37. The data also tells us to set a stop loss @ 145.25 in case the stock turns against the trade. 145.67 is the first level of resistance above 144.45, and by rule, any break above resistance is a buy signal. In this case, 145.67, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short DOV slightly near 145.67, target 140.11, Stop Loss @ 146.09. Details
The technical summary data is suggesting a short of DOV if it tests 145.67 with a downside target of 140.11. We should have a stop loss in place at 146.09 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 145.67, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for DOV
- Buy DOV slightly over 145.67, target 149.37, Stop Loss @ 145.33 Details
If 145.67 begins to break higher, the technical summary data tells us to buy DOV just slightly over 145.67, with an upside target of 149.37. The data also tells us to set a stop loss @ 145.33 in case the stock turns against the trade. 145.67 is the first level of resistance above 144.45, and by rule, any break above resistance is a buy signal. In this case, 145.67, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short DOV slightly near 145.67, target 142.34, Stop Loss @ 146.01. Details
The technical summary data is suggesting a short of DOV if it tests 145.67 with a downside target of 142.34. We should have a stop loss in place at 146.01 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 145.67, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Dslightly over Corp (DOV) available here: DOV.
DOV Ratings for September 16:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Strong |
| P1 |
0 |
0 |
139.11 |
| P2 |
139.79 |
140.11 |
149.37 |
| P3 |
142.34 |
145.67 |
160.11 |
AI Generated Signals for DOV
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Dover Corp (NYSE: DOV) report below is a real world example. Included are trading plans for DOV, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for DOV:
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