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Danaher Corporation (DHR) technical analysis – Danaher (NYSE:DHR)

Danaher Corporation (DHR) technical analysis – Danaher (NYSE:DHR)

Danaher Corporation (NYSE:DHR) is consolidating on Wednesday. The shares plunged by more than 10% yesterday, with the move driven by a weak earnings report.

But the shares may rebound from here. This is why Danaher is the Stock of the Day.

• Where are DHR shares at now?

Over 28 million shares traded yesterday. This is well in excess of the average daily volume of 4.96 million.

Sometimes, when a huge amount of volume trades after a downtrend, it can be a bullish dynamic. It can show a capitulation on the part of the sellers.

Investors and traders who wish to sell become increasingly frustrated as the shares continue to trend lower. They try to remain patient and wait for the price to rebound so they can sell at a higher level.

But…

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