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DSW: New 52-Week Low Set Today (DSW)

By David Diaz

DSW (NYSE:DSW) traded today at a new 52-week low of $19.27. So far today approximately 3.9 million shares have been exchanged, as compared to an average 30-day volume of 1.3 million shares.

DSW Inc., is a specialty branded footwear retailer operating in the United States. The Company offers a wide selection of brand name and designer dress, casual, and athletic footwear for women and men.

Potential upside of 29.9% exists for DSW, based on a current level of $19.47 and analysts' average consensus price target of $25.29. The stock should find initial resistance at its 200-day moving average (MA) of $26.13 and further resistance at its 50-day MA of $26.25.

DSW share prices have moved between a 52-week high of $36.92 and the current low of $19.27 and are currently at $19.47 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 0.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of DSW on April 25th, 2016 by issuing a Downtrend alert when the shares were trading at $24.97. Since that call, shares of DSW have fallen 13.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows

Ticker(s): DSW