In this updated daily bar chart of DHR, below, we can see that price dipped in the latter part of June and have rallied to a slight new high. DHR is above the rising 50-day moving average line and well above the positively sloped 200-day line.
The daily On-Balance-Volume (OBV) line is pointed up and signals to us that buyers of DHR have been more aggressive with heavier volume on days when the stock has closed higher. The trend-following Moving Average Convergence Divergence (MACD) oscillator has rolled over to a take-profits sell signal. Price strength could turn this indicator bullish again.
In this weekly bar chart of DHR, below, we can see a bullish chart. Prices are above the rising 40-week moving average line. The weekly OBV line is pointed up and the MACD oscillator is in a bullish configuration above the zero-line.
In this Point and Figure chart of DHR, below, we can see an upside price target of $189 being projected.
Bottom line strategy: If you are long on DHR you should continue to hold risking a close below $135 now. The $185 area is our potential upside price target.