user warning: Got error 28 from storage engine query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 569612 ORDER BY v.weight, t.weight, in /var/www/ on line 617.

hhgregg: The Winning Streak Continues (HGG)

Published on Fri, 09/20/2013 - 14:16
By Mallory Stone

hhgregg (NYSE:HGG) traded today at a new 52-week high of $20.75. This new high was reached on below average trading volume as 103,000 shares traded hands, while the average 30-day volume is approximately 313,000 shares.

In the past 52 weeks, shares of hhgregg have traded between a low of $5.84 and a high of $20.75 and are now at $20.36, which is 249% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.1% while the 200-day MA has risen 2.0%.

hhgregg (NYSE:HGG) defies analysts with a current price ($20.36) 37.5% above its average consensus price target of $12.72. The stock should discover initial support at its 50-day moving average (MA) of $17.24 and subsequent support at its 200-day MA of $13.00.

hhgregg, Inc. retails video products, brand name appliances, audio products and accessories.

By Mallory Stone