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Rounded Top in DuPont (DD)
By Andy Swan | Published  01/2/2008 | Stocks | Unrated
Rounded Top in DuPont (DD)

E.I. du Pont de Nemours & Company (DD) has created a rounded top per the 2-year chart. This indicates it possibly continuing to pull back until 37.50 support.

If DD breaks 37.50 support on heavy volume, it could be pushed even lower. The measured move indicates DD could fall as low as 22 over the next few months, but that would require DD to break multi-year lows.



Andy Swan is co-founder and head trader for DaytradeTeam.com. To get all of Andy's day trading, swing trading, and options trading alerts in real time, subscribe to a one-week, all-inclusive trial membership to DaytradeTeam by clicking here.