Dupont Co. (DD) - Head & Shoulders ?

On economic growth concerns, Deutsche Bank today downgraded Dupont. From a TA perspective, it looks as though a Head & Shoulders formation is completing. The neckline at approx $42 seems to be providing support which coincides with the 38.2% Fibonacci retracement level from the Oct 2005 trendline high. The price projection of a Head & Shoulders pattern is usually the distance from the head to the neckline projected downwards from the neckline; i.e., approx sub-$39. However, support may be found at the 61.8% Fibonacci retracement level where the Oct 2005 trendline continues.