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Dycom Industries: The Winning Streak Continues (DY)

By Shiri Gupta

Dycom Industries (NYSE:DY) traded at a new 52-week high today of $95.99. So far today approximately 57,000 shares have been exchanged, as compared to an average 30-day volume of 492,000 shares.

Dycom Industries share prices have moved between a 52-week high of $95.99 and a 52-week low of $45.45 and are now trading 111% above that low price at $95.81 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.4%.

Dycom Industries (NYSE:DY) has potential upside of 4.4% based on a current price of $95.81 and analysts' consensus price target of $100.00. Dycom Industries shares have support at the 200-day moving average (MA) of $69.91 and additional support at the 50-day MA of $63.96.

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.

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 75.0%. 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

Ticker(s): DY