DuPont wrestles with projections
The company has moved beyond its chemical past to become a diverse owner of high-growth businesses.
The 10year chart looks horrendous though. If they've truly become a different company, maybe they can get out of the long term no growth stock price they've had.
In the short term, it made a hugely bearish head and shoulders top. A triple, around 56-57 dollars. It hit it 3 times and could not come thru. Even worse it lost 200 day cieling level in exchange for now having a possible cieling at the 50 day MA.
The only real hard resistance line is at 34 from a double bottom in June 2010, and hard bottom multiple times at 31/32 from August 2009 thru Febr 2010. Not to mentioned the price channel is severe to the downside on the lower low side this year. 3 successive lower lows where the bottom line is more severely down than the top line lower highs.
I'd say you can get a much better entry point over the next few months. It's at $45 now, I'd actually expect it to drop into the mid 30s next year.
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
The company complains after the son of Florida State's football coach is televised wearing -- gasp -- Under Armour.
VIDEO ON MSN MONEY
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.