DuPont Headed for Healthy Pullback
DuPont (DD) continues to show signs of weakness. The stock made a powerful run off December's multi-week lows near $43. The impressive rally lifted shares above 20% as the stock held in a very tight bullish channel. Along the way, DD plowed through heavy overhead resistance near its 200-day moving average, as well as the October/November highs.
Last week, the stock moved past its January peak but was unable to attract new buying interest. This lack of volume has plagued this week's positive action as well, and given the shares a toppy feel. Thursday's settle was the stock's best since the December bottom, and today DD is putting in fresh lows for the week....239 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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