Shares of Dollar General Rise Above Previous 52-Week High
Shares of Dollar General (NYSE:DG) traded today at $94.85, breaking its 52-week high. So far today approximately 197,000 shares have been exchanged, as compared to an average 30-day volume of 2.5 million shares.
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 $94.85 and are now at $94.55, which is 58% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.9%.
Based on a current price of $94.55, Dollar General is currently 14.4% above its average consensus analyst price target of $80.92. The stock should discover initial support at its 50-day moving average (MA) of $82.06 and subsequent support at its 200-day MA of $74.05.
SmarTrend recommended that subscribers consider buying shares of Dollar General on May 26th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $87.18. Since that recommendation, shares of Dollar General have risen 8.2%. We continue to monitor DG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: 52 week high/lows Dollar General