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DG FastChannel: 52-Week High Recently Eclipsed (DGIT)

By Shiri Gupta

DG FastChannel (NASDAQ:DGIT) traded today at a new 52-week high of $14.24. This new high was reached on below average trading volume as 58,000 shares traded hands, while the average 30-day volume is approximately 259,000 shares.

DG FastChannel share prices have moved between a 52-week high of $14.24 and a 52-week low of $5.78 and are now trading 128% above that low price at $13.18 per share. Over the last five market days, the 200-day moving average (MA) has gone up 1.5% while the 50-day MA has advanced 1.2%.

DG Fastchannel, Inc. operates a nationwide network that links advertisers and advertising agencies with radio stations and television stations across the United States and Canada. The Company delivers audio, video, image, and data content in order to facilitate transactions among advertising industry participants.

Potential upside of 25.2% exists for DG FastChannel, based on a current level of $13.18 and analysts' average consensus price target of $16.50. The stock should find initial support at its 50-day moving average (MA) of $12.43 and further support at its 200-day MA of $10.32.

SmarTrend recommended that subscribers consider buying shares of DG FastChannel on April 29th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $7.12. Since that recommendation, shares of DG FastChannel have risen 91.1%. We continue to monitor DGIT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows dg fastchannel

Ticker(s): DGIT