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Dhi Group Inc: The Losing Streak Continues (DHX)

By Nick Russo

Dhi Group Inc (NYSE:DHX) traded at a new 52-week low today of $1.95. This new low was reached on below average trading volume as 150,000 shares traded hands, while the average 30-day volume is approximately 237,000 shares.

Dhi Group Inc share prices have moved between a 52-week high of $8.43 and the current low of $1.95 and are currently at $2.10 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 0.6%.

Dhi Group Inc (NYSE:DHX) has potential upside of 116.7% based on a current price of $2.10 and analysts' consensus price target of $4.55. Dhi Group Inc shares should first meet resistance at the 50-day moving average (MA) of $7.82 and find additional resistance at the 200-day MA of $8.28.

DHI Group, Inc. is a provider that specializes in career sites and career fairs for high growth vertical sectors. The Company provides services to help recruiters, consultants and businesses hire, and train highly qualified professionals.

SmarTrend recommended that its subscribers protect gains by selling shares of Dhi Group Inc on January 24th, 2017 by issuing a Downtrend alert when the shares were trading at $5.58. Since that call, shares of Dhi Group Inc have fallen 62.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows dhi group inc

Ticker(s): DHX