Jan 16, 2013 (Candlestick via COMTEX) -- Analysts have spotted a possible bearish inside day candle pattern in Dow Chemical (NYSE:DOW) based on the price action in the company's shares. Yesterday's price range of $33.91 and $34.16 is within the prior day's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Owners of Dow Chemical may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.Dow Chemical has overhead space with shares priced $34.09, or 1.1% below the average consensus analyst price target of $34.47. Dow Chemical shares have support at the 200-day moving average (MA) of $30.99 and additional support at the 50-day MA of $30.96.

The Dow Chemical Company is a diversified chemical company that provides chemical, plastic, and agricultural products and services to various essential consumer markets. The Company serves customers in countries around the world in markets such as food, transportation,health and medicine, personal care, and con struction.

In the past 52 weeks, Dow Chemical share prices have been bracketed by a low of $27.45 and a high of $36.08 and closed yesterday at $34.09, 24% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.9%.

---------------------------------------------------------------------------------------------

Financial News Network Online (FNNO) is a leading provider of digital financial news content for distribution on the web. You can count on FNNO to bring you the latest market news, earnings reports, analyst comments, economic data reports and more. Visit http://www.fnno.com today.

Copyright, Comtex News Network, Inc. 2013