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Shares of Dycom Industries Rise to a New 52-Week High

By James Quinn

Shares of Dycom Industries (NYSE:DY) traded at a new 52-week high today of $98.45. Approximately 120,000 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 $98.45 and are now at $97.37, which is 114% above that low price. The 200-day and 50-day moving averages have moved 0% lower and 1.40% higher over the past week, respectively.

There is potential upside of 2.7% for shares of Dycom Industries based on a current price of $97.37 and an average consensus analyst price target of $100.00. 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 February 17th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $54.28. Since that recommendation, shares of Dycom Industries have risen 78.3%. 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