DMP long term outlook 02/08/2016.

DMP is one share in our market which had shown nothing but strength ever since the breakout in June 2009. It has paid a respect to it’s 12 period SMA ( simple moving average in Red) ever since the breakout. The current value of the 12 period monthly SMA is @ $59.98 . Until I see an end of month (EOM) close below this level, I would consider this BULL RUN in effect, which had started in 2009.

In May of this year, we have seen the largest volume spike which has not had a great deal of effect on the price action. Could this be a sign of bigger boys letting the public have it (DMP) in the late stages of the bull run ? Are we in the beginning of some sort of a top formation in other words ? Answers to these questions remains to be seen over the coming months.

In summary, as long as DMP price action  keeps it’s head above the 12 period SMA, it is considered to be in a bull run. An end of month close below it, would require further analysis.

dmpmonthly01082016

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