Keep an eye on Dow Inc. (DOW). At the moment, it’s consolidating at strong support, and has become oversold on RSI, MACD, and Williams’ %R. From here, we’d like to see a near-term test of $70. Helping, analysts have been raising their price targets on the stock. Argus for example raised its target price to $78 with a Buy rating. Wells Fargo raised its price target to $83 with an Overweight rating. Even HSBC just raised its price target to $52 from $50.
Dow Inc. (DOW)
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