Dana Holding At Lifetime Highs

Dana Holding Corporation DAN is at lifetime highs today, gaining more than 2% to trade at $16.83, a gain of 45 cents. Dana has never before seen these levels, and will most likely drop next week as the stock has moved out of its Bollinger Band. Once this happens it will most likely come back down to its 20 day moving average, which is the first level of support. If the stock holds around the 20 day and bounces off it, this would be seen as a bullish sign for the name going forward. Dana Holding Corporation engages in the design, manufacture, and supply of products for vehicle manufacturers worldwide.