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How Will the Market React to Dover Corp (DOV) Stock Getting a Bullish Rating

Tuesday, August 11, 2020 12:08 PM | InvestorsObserver Analysts

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How Will the Market React to Dover Corp (DOV) Stock Getting a Bullish Rating

Overall market sentiment has been high on Dover Corp (DOV) stock lately. DOV receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.

Sentiment Score - ,bullish
Dover Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on DOV!

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.

Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.

InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.

For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With DOV Stock Today?

Dover Corp (DOV) stock is trading at $112.51 as of 11:52 AM on Tuesday, Aug 11, a gain of $2.01, or 1.82% from the previous closing price of $110.50. The stock has traded between $111.00 and $113.32 so far today. Volume today is low. So far 280,966 shares have traded compared to average volume of 795,126 shares.

To see InvestorsObserver's Sentiment Score for Dover Corp click here.

More About Dover Corp

Dover is a diversified industrial manufacturing company with products and services that include digital printing for fast-moving consuming goods, marking and coding for the food and beverage industry, loaders for the waste collection industry, pumps for the transport of fluids, including petroleum and natural gas, and commercial refrigerators used in groceries and convenience stores. Most of the business operates in the United States. After the spin-off of Apergy, the company operates through five segments: engineered systems, fueling solutions, imaging & identification, pumps and process solutions, and refrigeration and food equipment.

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