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Dollar General C: The Winning Streak Continues (DG)

By Nick Russo

Dollar General C (NYSE:DG) traded at a new 52-week high today of $124.66. This new high was reached on below average trading volume as 65,000 shares traded hands, while the average 30-day volume is approximately 2.5 million shares.

Based on a current price of $124.46, Dollar General C is currently 13.9% above its average consensus analyst price target of $107.10. The stock should discover initial support at its 50-day moving average (MA) of $118.72 and subsequent support at its 200-day MA of $109.97.

Dollar General Corporation operates a chain of discount retail stores located primarily in the southern, southwestern, midwestern, and eastern United States. The Company offer a broad selection of merchandise, including consumable products such as food, paper and cleaning products, health, beauty, pet supplies, and non-consumable products such as seasonal merchandise.

In the past 52 weeks, Dollar General C share prices have been bracketed by a low of $86.87 and a high of $124.66 and are now at $124.46, 43% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.4%.

SmarTrend recommended that subscribers consider buying shares of Dollar General C on December 28th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $107.39. Since that recommendation, shares of Dollar General C have risen 15.3%. We continue to monitor DG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows dollar general c

Ticker(s): DG