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Downgrade Alert for Dice Holdings (DHX)

By Amy Schwartz

Dice Holdings (NYSE:DHX) was downgraded from Outperform to Market Perform at Avondale today. The stock closed yesterday at $6.35 on volume of 709,000 shares, above average daily volume of 237,000.

Potential upside of 49.6% exists for Dice Holdings, based on a current level of $6.35 and analysts' average consensus price target of $9.50. The stock should run into initial resistance at its 50-day moving average (MA) of $7.82 and subsequent resistance at its 200-day MA of $8.28.

In the past 52 weeks, shares of Dice Holdings have traded between a low of $5.99 and a high of $10.48 and closed yesterday at $6.35, which is 6% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 0.6%.

Dice Holdings Inc is a provider that specialize in career sites and career fairs for high growth vertical sectors. The Company provides services to help recruiters, consultants and businesses hire and train highly qualified professionals.

SmarTrend recommended that subscribers consider buying shares of Dice Holdings on July 25th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $7.05. Since that recommendation, shares of Dice Holdings have risen 11.3%. We continue to monitor DHX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst upgrades/downgrades dice holdings

Ticker(s): DHX