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Dun & Bradstreet (DNB) Crosses Pivot Point Support at $77.90

Published on Mon, 12/31/2012 - 13:38
By Mallory Stone

Shares of Dun & Bradstreet (NYSE:DNB) have bearishly opened below the pivot of $78.37 today and have reached the first support level of $77.90. Analysts will be watching for a cross of the next downside pivot targets of $77.53 and $76.69.

Over the past year, Dun & Bradstreet has traded in a range of $62.62 to $86.52 and is now at $77.73, 24% above that low. The 200-day and 50-day moving averages have moved 0.13% lower and 0.18% lower over the past week, respectively.

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.

Dun & Bradstreet has overhead space with shares priced $77.73, or 2.8% below the average consensus analyst price target of $80.00. The stock should hit resistance at its 50-day moving average (MA) of $80.13, as well as support at its 200-day MA of $77.30.

By Mallory Stone