Dycom Industries: 52-Week High Recently Eclipsed (DY)
Shares of Dycom Industries (NYSE:DY) traded today at $91.30, breaking its 52-week high. This new high was reached on below average trading volume as 65,000 shares traded hands, while the average 30-day volume is approximately 492,000 shares.
Dycom Industries, Inc. provides engineering, construction, and maintenance services to telecomm providers in the United States. In addition to its primary services, the Company performs underground utility locating and electric utility contracting services. Dycom also provides services related to the installation of integrated voice, data, and video networks in office buildings.
Dycom Industries (NYSE:DY) has potential upside of 10.1% based on a current price of $90.79 and analysts' consensus price target of $100.00. The stock should discover initial support at its 200-day moving average (MA) of $69.91 and subsequent support at its 50-day MA of $63.96.
In the past 52 weeks, Dycom Industries share prices have been bracketed by a low of $45.45 and a high of $91.30 and are now at $90.79, 100% above that low price. The 200-day and 50-day moving averages have moved 0% lower and 1.40% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of Dycom Industries on February 17th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $54.28. Since that recommendation, shares of Dycom Industries have risen 65.4%. We continue to monitor DY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: 52 week high/lows dycom industries