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

By Shiri Gupta

Dollar General (NYSE:DG) shares have crossed bearishly below their 10-day moving average of $93.75 on a volume of 665K shares. This may provide swing traders with 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 $94.85 and is now at $92.84, 55% above that low. The 200-day and 50-day moving averages have moved 0.07% higher and 0.94% higher over the past week, respectively.

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 8.1%. 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