Dupont De Nemours Inc (DD) is nearing an important short term buy zone. The stock topped out on June 4th, 2021 at $86.28 a share. Since that high pivot in the shares the stock price has steadily sold off. Dupont De Nemours Inc (DD) stock has been making lower highs on the daily chart signaling weakness in the near term. The shares are also trading below the 200-day moving average putting it in a weak technical position on the charts.
There is a key level of support coming up for Dupont De Nemours Inc (DD) stock around the $67.00 area. This important level is where the stock was defended in late February 2021. There is also a major retrace level around this area adding to the strength of the support area. Traders should watch for the stock to get defended around the $67.00 area making this a good swing trade candidate.
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