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Shares of hhgregg Receive a Boost, Up 1.6%

Published on Thu, 03/14/2013 - 12:40
By Mallory Stone

hhgregg (NYSE:HGG), a company whose shares are moving quickly, is trading 1.6% higher to $10.90. The S&P is currently trading 0.4% higher to 1,561 and the Dow Jones Industrial Average is trading 0.4% higher to 14,518.

hhgregg (NYSE:HGG) is currently priced 27.9% above its average consensus analyst price target of $7.86. The stock should find initial support at its 50-day moving average (MA) of $8.78 and further support at its 200-day MA of $8.24.

hhgregg share prices have moved between a 52-week high of $12.73 and a 52-week low of $5.84 and are now trading 87% above that low price at $10.90 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.5% while the 200-day MA has remained constant.

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

By Mallory Stone
mstone@fnno.com