Shares of Dycom Industries (DY) Sees Large Outflow of Money

Dycom Industries (DY) : The total negative money flow of $3.6 million on Thursday indicates selling on strength. The inflow of money on upticks was $16.68 million, compared to $20.28 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.82. The negative money flow of $4.63 million in block trades reveals that the informed traders sold the stock on every bit of price strength.The transaction value of block trade on downtick was $4.63 million. The price action in the Dycom Industries (DY) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $92.41 with a gain of $2.07 , a change of 2.29% over the previous days close. The stock registered 3.7% for the week.


Dycom Industries (DY) : Currently there are 7 street experts covering Dycom Industries (DY) stock. The most bullish and bearish price target for the stock is $115 and $80 respectively for the short term. The average price target of all the analysts comes to $100. The estimated standard deviation from the target is $12.41. The stock has recorded a 20-day Moving Average of 6.06% and the 50-Day Moving Average is 16.29%.

Dycom Industries (NYSE:DY): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $90.89 and $90.89 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $92.93. The buying momentum continued till the end and the stock did not give up its gains. It closed at $92.43, notching a gain of 2.31% for the day. The total traded volume was 658,373 . The stock had closed at $90.34 on the previous day.

Dycom Industries, Inc. is a provider of specialty contracting services throughout the United States and in Canada. The Company, through its subsidiaries, provides engineering, construction, maintenance and installation services to telecommunications providers, underground facility locating services to various utilities, including telecommunications providers, and other construction and maintenance services to electric and gas utilities. It offers engineering services, which include the design of aerial, underground and buried fiber optic, copper and coaxial cable systems that extend from the telephone company central office or cable operator headend to the consumers home or business. It also provides tower construction, lines and antenna installation, and foundation and equipment pad construction for wireless carriers, as well as equipment installation and material fabrication and site testing services.

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