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Good morning Traders,
With the close of March 03, Lift-Off confirms a LONG trading signal on the US stock Dover Corp (Ticker: DOV) listed on the NYSE and part of the S&P500 index
The stock closed at USD 154.63 per share, marking a +2.13%
The signal is formed after the retracement of the bullish move that touched USD 160 per share and with Friday's candle, Lift-Off's green band is rekindled.
Below chart of Dover Corp - DOV - with the signal detected by Lift-Off
The company is active in the "Manufacturing Chain" industry specifically in the "Industrial Machinery Industry"
Dover Corporation (DOV) is a multinational company based in the United States that produces a wide range of industrial products and services. The company is organized into four main segments: Engineered Products, Fueling Solutions, Imaging and Identification, and Pumps and Process Solutions.
The Engineered Products segment manufactures engineering solutions for a wide range of industrial applications, including lifting products, sealing products, conveying components, mold making components, and material processing equipment.
The Fueling Solutions segment manufactures fuel management equipment and services, such as fuel pumps, dispensers, meters, and fuel management software.
The Imaging and Identification segment produces imaging and identification technologies for a wide range of applications, including scanning devices, recognition software, and laser marking devices.
Finally, the Pumps and Process Solutions segment produces a wide range of pumps and fluid handling equipment for multiple industrial applications.
The company supplies products and services to a wide range of industries, including the chemical industry, oil and gas, food and beverage, pharmaceutical industry, and many others. Dover Corporation was founded in 1955 and is headquartered in Downers Grove, Illinois.
Next earnings announcement for Q1 2023: April 2023
Q4 2022 earnings
EPS: Reported 2.16 / Expected 2.15 / Previous 2.26
Earnings: Reported 2.14B/ Forecast 2.12B/ previous 2.16B
Financial Overview: DOV's current market capitalization amounts to 21.607B USD. The company's TTM EPS is 7.47 USD, dividend yield is 1.31% and PE is 20.40. Dover Corporation's next earnings release date is April 20. The estimate is US$1.94.
Accounts, including revenue, expenses, profit and loss: DOV's total revenue for the latest quarter is US$2.14B, down 0.89% from the previous quarter. Net income in Q4 22 is 263.58M USD.
Overview data and accounts source: Tradingview.com
Signal board of March 06, 2023
LONG - Dover Corp - DOV
Input price: $154.63 (and any opening price)
We would like to remind you that the signal chosen was identified from those detected by the Lift-Off indicator, which you can view in the "Signals" section of our website. However, we will NOT provide any guidance on how to handle the trade.
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