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Buyers Accumulate Shares of Domino's Pizza, Up 2.3%

Published on Fri, 02/01/2013 - 13:23
By Robert Cotter

Domino's Pizza (NYSE:DPZ), a company whose shares are moving quickly, is trading 2.3% higher to $47.62. The Dow Jones Industrial Average is now trading 0.9% higher to 13,994 and the S&P is trading 1.0% higher to 1,513.

Domino's Pizza (NYSE:DPZ) has potential upside of 1.4% based on a current price of $47.62 and analysts' consensus price target of $48.27. The stock should discover initial support at its 50-day moving average (MA) of $43.61 and subsequent support at its 200-day MA of $36.77.

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.

In the past 52 weeks, Domino's Pizza share prices have been bracketed by a low of $28.17 and a high of $47.63 and are now at $47.62, 69% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.2%.

By Robert Cotter
rcotter@fnno.com

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