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Dollar General Bullish Moving Average Crossover Alert (DG)

By James Quinn

Dollar General (NYSE:DG) shares have crossed bullishly above their 10-day moving average of $90.83 on a volume of 322K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Dollar General share prices have been bracketed by a low of $59.75 and a high of $92.00 and are now at $91.11, 52% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Dollar General on May 26th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $87.18. Since that recommendation, shares of Dollar General have risen 3.3%. We continue to monitor DG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Dollar General

Ticker(s): DG