DuPont & Cy : the "retirement" of the 59-year-old CEO Kullman temporarily stopped the free fall of the stock.

DD Monthly Candlevolume chart close 07/10/2015

In March a dark cloud cover candlestick was not boding well on the monthly chart of DuPont & Cy.

All the more because the warning signal was accompanied by a huge volume.

Notice how this candlevolume stick of March was quite thick and neutralized the preceding small positive candlestick.

In May the confirmation short sell signal was given at 70,5 $.

The stock was tanking in the following 4 months.

It reached a low of 47,11 $ and is finding (so far) support around its 144 EMA at 49,24 $.

We still have 3 weeks to go before the month ends, so we can't judge the developing form of the last candle. However the MACD indicator continues down...

DD Weekly candlevolume chart, closing 07/10/2015

On the weekly chart the short sell signal was given at 69,75 $ on 11/05/2015.

At this moment the MACD indicator is on the verge of giving a buy signal.

The upward correction could go on a bit but I see strong resistance at 233 EMA around 57,38 $ and at 55 EMA around 62,21 $.

The upward potential looks rather limited.

DD Daily candlevolume chart, close 07/10/2015

On the daily chart I got the short sell signal at 69,19 $ on June 4th.

That day there was a downward breakaway gap and the stock closed under its 233 EMA.

At that moment the 21 EMA was already trading under the 55 EMA, which confirmed the starting downtrend.

On October 6th we got an upward gap but...with a shooting star candle.

That's not very encouraging. The day of the positive breakout gap, optimism was already fading at the close. 

So far I don't see a reason to buy this stock, although I admit that the corrective rise could have a bit further to go.

E.I. du Pont de Nemours & Cy (symbol DD on the NYSE stock exchange) is a large cap company in the materials sector, in the industry of commodity chemicals.

The stock price rose as much as 13% on Monday after the company announced the 59-year-old Kullman's retirement.

At the same time the company lowered its 2015 operating-earnings estimate to roughly 2,75 $ from 3,10 $.

The next earnings date release is scheduled for October 27th.

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