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Dillard's Crosses Above its 10-day MA (DDS)

Published on Thu, 01/24/2013 - 12:13
By Mallory Stone

Today, shares of Dillard's (NYSE:DDS) have crossed bullishly above their 10-day moving average of $81.32 on a volume of 421K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Dillard's (NYSE:DDS) has potential upside of 10.0% based on a current price of $84.25 and analysts' consensus price target of $92.67. The stock should discover initial support at its 50-day moving average (MA) of $83.43 and subsequent support at its 200-day MA of $73.31.

In the past 52 weeks, shares of Dillard's have traded between a low of $43.70 and a high of $89.98 and are now at $84.25, which is 93% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.2%.

Dillard's, Inc. operates retail department stores located primarily in the southwestern, southeastern, and midwestern United States. The Company offers name-brand and private-label merchandise, including fashion apparel and home furnishings.

By Mallory Stone
mstone@fnno.com