Dover Corporation (DOV) Shares are Up 5.84%

Dover Corporation (DOV) : Traders are bullish on Dover Corporation (DOV) as it has outperformed the S&P 500 by a wide margin of 1.77% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.66%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.84% in the last 1 week, and is up 1.22% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 4.88% and the 50-Day Moving Average is 2.94%.The 200 Day SMA reached 12.91%


Dover Corporation (NYSE:DOV): After opening at $72.36, the stock dipped to an intraday low of $72.08 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $73.98 and the buying power remained strong till the end. The stock closed at $73.64 for the day, a gain of 2.46% for the day session. The total traded volume was 1,565,238. The stocks close on the previous trading day was $73.64.

Dover Corporation (DOV) : The consensus price target for Dover Corporation (DOV) is $75 for the short term with a standard deviation of $9.33. The most optimist securities analyst among the 10 who monitor the stock believes that the stock can reach $87, however, the pessimist price target for the company is $59.

Dover Corporation (Dover) is engaged in the manufacturing of equipment, components and specialty systems. The Company also provides supporting engineering, testing and other services. The Company operates through four business segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Energy segment serves the Drilling & Production, Bearings & Compression and Automation end markets, and provides solutions and services for production and processing of oil, natural gas liquids and gas around the world. The Engineered Systems segment manages its products and services through two business platforms, Printing & Identification and Industrials. The Fluids segment is focused on the handling of critical fluids across the retail fueling, chemical, hygienic and industrial markets. The Refrigeration & Food Equipment segment provides equipment and systems serving the commercial refrigeration and food service industries.

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