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Dollar General Crosses Above its 10-day MA (DG)

By David Diaz

Today, shares of Dollar General (NYSE:DG) have advanced above their 10-day MA of $83.02 on a volume of 498K shares. This may provide swing traders with 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 $87.42 and are now at $83.67, 40% above that low price. 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 subscribers consider buying shares of Dollar General on February 16th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $73.80. Since that recommendation, shares of Dollar General have risen 11.8%. 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