Dover Corporation (DOV) has risen sharply, recording gains of 0.34% in the past 4 weeks. However, the stock has corrected -1.05% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.48% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.81% and the 50-Day Moving Average is 1.97%.The 200 Day SMA reached 12.68%. Dover Corporation is up 4.85% in the last 3-month period. Year-to-Date the stock performance stands at 20.98%.
Dover Corporation (NYSE:DOV): After opening at $72.97, the stock dipped to an intraday low of $72.5 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $73.16 and the buying power remained strong till the end. The stock closed at $72.75 for the day, a gain of 0.29% for the day session. The total traded volume was 1,137,276. The stocks close on the previous trading day was $72.54.
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.