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Watch for Continued Gains in Shares of Domino's Pizza (DPZ)

By Shiri Gupta

Domino's Pizza (NYSE:DPZ) traded at a new 52-week high today of $159.90. This new high was reached on approximately average trading volume as 906,000 shares traded hands, while the average 30-day volume is approximately 877,000 shares.

Domino's Pizza (NYSE:DPZ) defies analysts with a current price ($159.02) 25.1% above its average consensus price target of $119.17. Domino's Pizza shares have support at the 50-day moving average (MA) of $132.06 and additional support at the 200-day MA of $114.71.

In the past 52 weeks, shares of Domino's Pizza have traded between a low of $99.00 and a high of $159.90 and are now at $159.02, which is 61% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has remained constant.

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.

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 18.8%. 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