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Dollar General Bearish Moving Average Crossover Alert (DG)

By Nick Russo

Dollar General (NYSE:DG) shares have crossed bearishly below their 10-day moving average of $69.14 on a volume of 443K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Dollar General has traded in a range of $59.75 to $96.88 and is now at $68.73, 15% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.9%.

SmarTrend recommended that its subscribers protect gains by selling shares of Dollar General on August 16th, 2016 by issuing a Downtrend alert when the shares were trading at $90.58. Since that call, shares of Dollar General have fallen 23.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Dollar General

Ticker(s): DG