DD - sliding with the main market

Dupont (DD) slipped 0.8%, to close Friday at $44.71. DD is generally trading in sync with the main market, although it remains especially vulnerable to renewed general market weakness after its major snap lower in late October.


DD, daily

Summary

Dupont is a true heavy industrial, and no doubt, a company that will be around for a very long time to come. It remains profitable, with net margins of around 7%, which is reasonable considering 'everything' going on with the global economy.

*see key stats - Yahoo! finance

We have seen a very clear bear wedge since the mid November lows, and it appears to breaking lower, having maxed out in the low 45s.

A test and break of the November lows @ $41.67 seems likely, and will open the primary target of $40. If the main market slips into the low sp'1200s, then a move to 38/36 seems very likely.