hhgregg Makes a Move: Up 2.9%

Published on Mon, 01/28/2013 - 13:17
By Mallory Stone in Market movers, hgg, hhgregg, market movers, nyse:hgg

hhgregg (NYSE:HGG) is one of today's notable stocks on the rise, up 2.9% to $8.20. The Dow Jones Industrial Average is now trading fractionally lower to 13,886 and the S&P is trading fractionally lower to 1,501.

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

hhgregg (NYSE:HGG) is currently priced 7.7% above its average consensus analyst price target of $7.57. The stock should find resistance at its 200-day moving average (MA) of $8.37, as well as support at its 50-day MA of $7.58.

hhgregg share prices have moved between a 52-week high of $13.12 and a 52-week low of $5.84 and are now trading 40% above that low price at $8.20 per share. Over the past week, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has declined 0.4%.

By Mallory Stone
mstone@fnno.com

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