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Upgrade Alert for Dollar General (DG)

By Shiri Gupta

Dollar General (NYSE:DG) was upgraded from Neutral to Buy at BofA/Merrill today. The stock closed yesterday at $84.00 on volume of 2.3 million shares, below average daily volume of 2.6 million.

Dollar General share prices have moved between a 52-week high of $87.42 and a 52-week low of $59.75 and closed yesterday at 41% above that low price at $84.00 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.

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

Dollar General (NYSE:DG) is currently priced 3.7% above its average consensus analyst price target of $80.92. The stock should find initial support at its 50-day moving average (MA) of $81.91 and further support at its 200-day MA of $74.04.

SmarTrend is monitoring the recent change of momentum in Dollar General. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Dollar General in search of a potential trend change.

Keywords: analyst upgrades/downgrades Dollar General

Ticker(s): DG