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Bullish Moving Average Cross by Dun & Bradstreet (DNB)

Published on Wed, 01/23/2013 - 12:13
By Mallory Stone

Today, shares of Dun & Bradstreet (NYSE:DNB) have advanced above their 10-day MA of $80.25 on a volume of 135K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Dun & Bradstreet (NYSE:DNB) is currently priced 0.6% above its average consensus analyst price target of $80.00. The stock should discover initial support at its 50-day moving average (MA) of $79.71 and subsequent support at its 200-day MA of $76.92.

The Dun & Bradstreet Corporation provides business information and technology solutions. The Company's customers use these solutions in order to reduce credit risk, find profitable business partners, manage business relationships and collect cash and receivables. Dun & Bradstreet's database contains information on public and private companies around the world.

Over the past year, Dun & Bradstreet has traded in a range of $62.62 to $86.52 and is now at $80.52, 29% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.2%.

By Mallory Stone
mstone@fnno.com