Danaher Corporation (DHR) “On a long-term technical basis, the stock (DHR) is trading above its 200-day moving average which implies it is in a positive trend.

The stock has support at 147.33 and 139.33. If the stock breaks down through support at 147.33 then it will probably continue lower to 139.33. The stock will meet resistance at 153.06 and 165.75. If the stock breaks up through resistance at 153.06 then it will probably continue higher to 165.75. The 200-day moving average is at 137.33. This will also act as support. The stock is extremely overbought according to the Stochastic Indicator (86.37), so look for a possible pullback soon. Confirm this with the Short-Term and Daily Opinion to keep from exiting prematurely.”