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Shares of Dollar General Has Risen Above Previous 52-Week High

By James Quinn

Shares of Dollar General (NYSE:DG) traded today at $91.49, breaking its 52-week high. So far today approximately 372,000 shares have been exchanged, as compared to an average 30-day volume of 2.5 million shares.

Dollar General (NYSE:DG) defies analysts with a current price ($91.04) 11.1% above its average consensus price target of $80.92. The stock should find initial support at its 50-day moving average (MA) of $82.06 and further support at its 200-day MA of $74.05.

Dollar General Corp. operates a chain of discount retail stores located primarily in the southern, southwestern, midwestern and eastern United States. The Company offer a broad selection of merchandise, including consumable products such as food, paper and cleaning products, health and beauty products and pet supplies, and non-consumable products such as seasonal merchandise.

In the past 52 weeks, shares of Dollar General have traded between a low of $59.75 and a high of $91.49 and are now at $91.04, which is 52% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.9%.

SmarTrend is monitoring the recent change of momentum in Dollar General. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Dollar General in search of a potential trend change.

Keywords: 52 week high/lows Dollar General

Ticker(s): DG