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<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Dycom industries has recently released their quarterly results but missed the revenue by wall street estimates</a> </li> 
 <li> <span>2</span> <a>DY stock price is currently observing a downside trend in price. It is currently trading near the value of $99 with a small drop in the intraday session</a> </li> 
</ul> 
<p>Dycom Industries provides speciality contracting services to the telecom industry. While it might not be so much widely known stock it saw good gains in the past few months. The stock price saw a rise to $114 in the recent months before dropping to $93.</p> 
<p><a href="https://www.thecoinrepublic.com/2023/08/25/draftkings-inc-dkng-stock-to-sustain-at-30-mark-analysts/" target="_blank" rel="noopener noreferrer nofollow">Dycom</a> adjusted earnings surpassed the wall street estimates for the current quarter and is near $2.03. The uptrend of the earnings were due to the adjusted EBIDTA , lower amortization and great gains on the asset sales. The contract’s revenue was around $10451 Millions which increased 7.1% over the past year. Meanwhile, the revenue of the company from all the customers grew by 24%. The company as of July 2023 has a liquidity of $685 million as per Zack.com</p> 
<p>Dycom has a market cap of $2.9 Billion with a PE of 16 which is strong as compared to the other competitors in the market.The stock has an average volume of 331,746 stocks. Various wall street analysts are expecting a growth in the stock up to $125 in upcoming months.</p> 
<h2 class="wp-block-heading" id="strong-will-dy-stock-price-see-a-surge-to-a-new-high-in-the-future-strong"><strong>Will DY Stock Price See A Surge To A New High In The Future?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/hzRsv9_nRVsSl5XwpquR5NJnFLoUkpJAk9dC0ZUpEVtWH0hw_tz0DsZp3pLC6I3Xux97gPzvCg4OJdZVHnSdgfvWQ7ke9_jWuFb9I1leYNsU6UlssAc5DBeBFHQk5dZqFt7eiads1eguDgnM" alt="DY Stock Price In A Bearish Mode, Investors In Quandary"> 
  <figcaption class="wp-element-caption">
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Source: DY/USD by <a href="https://in.tradingview.com/chart/xKYKznCh/?symbol=NYSE%3ADY" rel="noopener noreferrer nofollow">Trading View</a> 
  </figcaption> 
 </figure> 
</div> 
<p>On the weekly technical chart Dycom stock price is trading in a weak consolidated trend. Coming to the daily chart DY stock price is moving near the value of $99 with a drop of 2% in the intraday session. The upside trend of DY stock price can see a halt near the value of $110.Meanwhile, the downside trend of Dycom stock price might observe a bounceback from $110. DY stock price is trading below the 50 and 100 Daily Moving Averages with a negative crossover in the past. If price sees a rebound above the Daily Moving Averages then a strong upside trend can be seen in future.</p> 
<p>The RSI of DY stock is near the value of 50 suggesting its presence in the neutral zone. There is a negative slope in the RSI hinting towards a bearish momentum in the price.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>Dycom has been observing a strong rise in their financials from the last few weeks. DY stock price is currently observing a weak consolidated trend on the daily chart.Various wall street analysts are expecting a strong in DY stock in the near future.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Major Support:$95</p> 
<p>Major Resistance:$110</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.</p>

DY Stock Price In A Bearish Mode, Investors In Quandary

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