Dillards - 52 Week High

Published on Thursday, 01 November 2012 12:34 Written by TradersHuddle Wire

New York, November 1st (TradersHuddle.com) - Shares of Dillards, Inc. (NYSE:DDS) booked a new 52 week high today by trading above $79.24, traders are definitely monitoring Dillard's price action to see if this move attracts further buying into the stock.

Dillards, Inc. (NYSE:DDS) 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.

Dillards is currently trading 3.52% versus its previous trading session close, and it has calculated support and resistance at $74.03 and $79.24 respectively. Clearly, with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range.

The overall market index S&P 500 is trading higher by 1.04% from its previous trading close, which means that Dillards stock is outperforming the overall market.