Dover Corp. (DOV) has a good support at $37
Symbols: DOV
Dover Corp. (NYSE: DOV) on Friday reported a 43% drop in third-quarter earnings as a weak global economy continued to keep the demand subdued for engineered parts by core customers in the energy, automotive and infrastructure sectors.
Dover Corp. (DOV) stock, however, opened with a gap-up opening as the earnings were still ahead of analysts' expecations, and touched $41.52, before getting subdued by afternoon to $39 in afternoon trades.
Dover Corp. (DOV) technical charts are, however, still trending nicely along the 20 days moving average and substantially above the 200 days moving average.
Traders in DOV could still think of keeping their long positions run, with a stop loss of $37.
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