Dover Corporation (DOV) : Traders are bullish on Dover Corporation (DOV) as it has outperformed the S&P 500 by a wide margin of 0.57% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.07%, 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 1.5% in the last 1 week, and is up 3.07% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Dover Corporation (NYSE:DOV): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $71.38 and $71.25 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $72.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $72.50, notching a gain of 1.90% for the day. The total traded volume was 860,802 . The stock had closed at $71.15 on the previous day.
The stock has recorded a 20-day Moving Average of 1.15% and the 50-Day Moving Average is 3.66%. Dover Corporation is up 14.14% in the last 3-month period. Year-to-Date the stock performance stands at 19.84%.
Dover Corporation (DOV) stock is expected to deviate a maximum of $9.46 from the average target price of $74 for the short term period. 11 Street Experts have initiated coverage on the stock with the most promising target being $87 and the most muted being $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.