DOW JONES OVERVIEW: DUPONT BETWEEN MACRO MEANS, SHORT TERM RISK
Du Pont trades currently within macro uncertainty - between 10-year (now at 46) and 5-year (now at 54) moving averages. Thus Du Pont has no trend long term basis at the moment.
On short term basis, however, price is trading below 1st standard deviations from 1-year (now at 59) an quarterly (now at 51) means, thus showing a clear risk to more downside, unless price trades back above 59.
On short term basis, however, price is trading below 1st standard deviations from 1-year (now at 59) an quarterly (now at 51) means, thus showing a clear risk to more downside, unless price trades back above 59.