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Recent 52-Week High Exceeded in Shares of Domino's Pizza (DPZ)

By James Quinn

Domino's Pizza (NYSE:DPZ) traded at a new 52-week high today of $165.20. This new high was reached on below average trading volume as 155,000 shares traded hands, while the average 30-day volume is approximately 877,000 shares.

Domino's Pizza (NYSE:DPZ) is currently priced 27.7% above its average consensus analyst price target of $119.17. The stock should find initial support at its 50-day moving average (MA) of $132.06 and further support at its 200-day MA of $114.71.

Domino's Pizza, Inc. operates a network of Company-owned and franchise Domino's Pizza stores, located throughout the United States and in other countries. The Company also operates regional dough manufacturing and distribution centers in the contiguous United States and outside the United States.

In the past 52 weeks, Domino's Pizza share prices have been bracketed by a low of $99.00 and a high of $165.20 and are now at $164.80, 66% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

SmarTrend recommended that subscribers consider buying shares of Domino's Pizza on June 20th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $127.96. Since that recommendation, shares of Domino's Pizza have risen 29.0%. We continue to monitor DPZ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows domino's pizza

Ticker(s): DPZ