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Shares of Domino's Pizza Rise Above Previous 52-Week High

By James Quinn

Shares of Domino's Pizza (NYSE:DPZ) traded today at $151.20, breaking its 52-week high. So far today approximately 55,000 shares have been exchanged, as compared to an average 30-day volume of 877,000 shares.

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 $151.20 and are now at $150.36, 52% above that low price. The 200-day and 50-day moving averages have moved 0.13% higher and 0.22% higher over the past week, respectively.

Domino's Pizza (NYSE:DPZ) defies analysts with a current price ($150.36) 20.7% above its average consensus price target of $119.17. The stock should discover initial support at its 50-day moving average (MA) of $132.06 and subsequent support at its 200-day MA of $114.71.

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 17.3%. 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