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Shares of Dycom Industries Has Risen Above Previous 52-Week High

By Shiri Gupta

Dycom Industries (NYSE:DY) traded today at a new 52-week high of $109.16. Approximately 663,000 shares have changed hands today, as compared to an average 30-day volume of 492,000 shares.

In the past 52 weeks, shares of Dycom Industries have traded between a low of $45.45 and a high of $109.16 and are now at $107.91, which is 137% 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 1.4%.

Dycom Industries (NYSE:DY) is currently priced 4.9% above its average consensus analyst price target of $102.60. The stock should find initial support at its 200-day moving average (MA) of $69.91 and further support at its 50-day MA of $63.96.

Dycom Industries, Inc. provides engineering, construction, and maintenance services to telecomm providers in the United States. In addition to its primary services, the Company performs underground utility locating and electric utility contracting services. Dycom also provides services related to the installation of integrated voice, data, and video networks in office buildings.

SmarTrend recommended that subscribers consider buying shares of Dycom Industries on December 9th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $80.24. Since that recommendation, shares of Dycom Industries have risen 28.6%. We continue to monitor DY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows dycom industries

Ticker(s): DY