Dow Chemical

By Steve Abraham on Jul 19, 2007

I like the setup in Dow Chemical. All signs in this chart point to higher prices. Earnings announcement is set for July 26. In general, the chemical sector is one of the most bullish. Id keep any eye on DOW chemical for the next week or so.***** I also like EMN which reports the same day as DOW*********

This entry was posted on Thursday, July 19th, 2007 at 4:29 pm and is filed under Annotated Analysis. You can skip to the end and leave a response. Pinging is currently not allowed.

3 Responses to “Dow Chemical”

By Steve on July 24th, 2007 at 8:51 pm

In hindsight (July 24), that breakout failed. It seems to me breakouts that reach 6 month highs tend to pull back. That’s why I don’t like trading them.

-Steve

By Anonymous on July 26th, 2007 at 11:35 am

Dow Chemical Co. dropped $2.28, or 5 percent, to $43.39 after second-quarter results missed expectations. The company said profit during the quarter rose 2 percent as strong international growth offset weakness in the North American housing and automotive sectors.

Now @ 42.93 -6.04%.

By Mike Foster on December 24th, 2007 at 2:46 pm

This is an easy one. Once the stock bottoms out, buy pics, because once it moves upward, you’ll make profit. Wizetrade taught me that.