Dow Chemical is a Midland, MI-based multinational chemical corporation. The company manufactures and supplies products used primarily as raw materials. Dow Chemical services a variety of industries including chemical processing, automotive, agriculture, oil and gas, processed foods, and appliance.
Dow Chemical has been consolidating and has formed a nice cup-handle pattern after carving the right side of the base. Price is diverging positively vs. the indicators, and once they catch up to price, we should have higher levels.
Volume trends have been strong and positive as well. The Moving Average Convergence Divergence is about to cross over and flash a new buy signal.
DOW is a holding in Jim Cramer's Charitable Trust, Action Alerts PLUS.
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Separately, TheStreet Ratings team rates DOW CHEMICAL as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate DOW CHEMICAL (DOW) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations and growth in earnings per share. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself."
You can view the full analysis from the report here: DOW Ratings Report