Is This Stock a Screaming Buy: Dycom Industries Inc. (NYSE:DY)

Equity Research firms currently have a positive stance on shares of Dycom Industries Inc. (NYSE:DY). The majority of analysts covering the equity have a consensus Strong Buy recommendation on the stock, yielding a score of 1.40. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $107.83 on a short term basis.

At the time of writing, the stock was trading at $83.76. This represents a change from the opening price of -0.56%. In terms of performance, year to date, the stock is 20.54%. The monthly stock performance comes in at -2.52%. For the quarter, shares are performing at -11.21%. Weekly performance analysis shows the equity at 2.72%.

In taking a look at technical levels, shares are trading -2.45% away from the 50 day simple moving average and 11.35% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -14.92% away from it’s 52- week high and 77.85% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, Dycom Industries Inc.’s RSI stands at 49.46. In looking at volatility levels, the shares saw weekly volatility of 2.89% and 2.71% over the past month.

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