Dover Corp. (DOV) has a good support at $37

Posted on 10/23/09 at 12:41pm by Craig Jones

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.

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