• Return to Headlines

Watch for Continued Gains in Shares of Dollar General C (DG)

By Nick Russo

Shares of Dollar General C (NYSE:DG) traded at a new 52-week high today of $142.93. This new high was reached on below average trading volume as 81,000 shares traded hands, while the average 30-day volume is approximately 1.7 million shares.

Dollar General Corporation 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, beauty, pet supplies, and non-consumable products such as seasonal merchandise.

Dollar General C (NYSE:DG) is currently priced 24.8% above its average consensus analyst price target of $107.10. The stock should find initial support at its 50-day moving average (MA) of $130.53 and further support at its 200-day MA of $117.99.

Over the past year, Dollar General C has traded in a range of $96.37 to $142.93 and is now at $142.39, 48% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.8%.

SmarTrend recommended that subscribers consider buying shares of Dollar General C on May 30th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $125.42. Since that recommendation, shares of Dollar General C have risen 13.4%. 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 c

Ticker(s): DG