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Recent 52-Week Low Surpassed in Shares of DSW (DSW)

By James Quinn

DSW (NYSE:DSW) traded today at a new 52-week low of $17.30. Approximately 335,000 shares have changed hands today, as compared to an average 30-day volume of 1.3 million shares.

Potential upside of 31.6% exists for DSW, based on a current level of $17.31 and analysts' average consensus price target of $22.78. 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 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.

Over the past year, DSWhas traded in a range of $17.30 to $36.92 and are now at $17.31. 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 is monitoring the recent change of momentum in DSW. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of DSW in search of a potential trend change.

Keywords: 52 week high/lows

Ticker(s): DSW