• Subscribe
  • Log In
  • Home
  • Daily Diary
  • Asset Class
    • U.S. Equity
    • Fixed Income
    • Global Equity
    • Commodities
    • Currencies
  • Sector
    • Basic Materials
    • Consumer Discretionary
    • Consumer Staples
    • Energy
    • Financial Services
    • Healthcare
    • Industrials
    • Real Estate
    • Technology
    • Telecom Services
    • Transportation
    • Utilities
  • Latest
    • Articles
    • Video
    • Columnist Conversations
    • Best Ideas
    • Stock of the Day
  • Street Notes
  • Authors
    • Bruce Kamich
    • Doug Kass
    • Jim "Rev Shark" DePorre
    • Helene Meisler
    • Jonathan Heller
    • - See All -
  • Options
  • RMPIA
  • Switch Product
    • Action Alerts PLUS
    • Quant Ratings
    • Real Money
    • Real Money Pro
    • Retirement
    • Stocks Under $10
    • TheStreet
    • Top Stocks
    • TheStreet Smarts
  1. Home
  2. / Investing
  3. / Stocks

What Dycom Industries Stock Needs to Attract Buyers

Let's check out the charts of this provider of services to the telecom and infrastructure industries.
By BRUCE KAMICH
Apr 17, 2020 | 11:45 AM EDT
Stocks quotes in this article: DY

Most weekday nights Jim Cramer offers up his opinion on stocks that callers pose during the Mad Money Lightning Round. On Thursday evening one caller asked about Dycom Industries Inc. (DY) : "This group has been brought down but I like it. I say stick with it." Dycom provides services to the telecom and infrastructure industries.

Let's check out the charts of DY.

In the daily bar chart of DY, below, we can see that prices have been in a downtrend since July. Prices have been testing the downward sloping 50-day moving average line this month but it has yet to move decisively above it. The 200-day moving average line has a negative slope and intersects up around $44.

The daily On-Balance-Volume (OBV) line shows a long decline into a March low and only a limited rebound so far. The Moving Average Convergence Divergence (MACD) oscillator has moved above the zero line for a buy signal but is now narrowing again and could flip back to the bear camp.

In the weekly bar chart of DY, below, we can see that prices have been in a long decline for more than two years. Notice the long decline in the declining 40-week moving average line?

The weekly OBV line also displays a long decline telling us about significant liquidation (selling). The MACD oscillator has been below the zero line for much of the past three years. The indicator has narrowed slightly but I don't find it very encouraging.

In this daily Point and Figure chart of DY, below, we can see a potential downside price target in the $21 area.

Bottom-line strategy: I don't know if the fundamentals of DY will improve but the charts need some serious rebuilding to attract traders and investors. Avoid for now.

Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.

Employees of TheStreet are prohibited from trading individual securities.

TAGS: Investing | Stocks | Technical Analysis | Construction & Engineering | Mad Money | Telecom Services

More from Stocks

Bearish Bets: 3 Stocks You Really Should Consider Shorting This Week

Bob Lang
Aug 7, 2022 10:30 AM EDT

These recently downgraded names are displaying both quantitative and technical deterioration.

I'm Banking on a Play in B. Riley Financial

Bret Jensen
Aug 7, 2022 7:30 AM EDT

Let me show you a covered-call setup in this investment management and financial services company.

The Secret to Dealing With Fear of Missing Out

James "Rev Shark" DePorre
Aug 6, 2022 10:00 AM EDT

FOMO is one of the most powerful forces in the stock market. Here's how to handle it.

3 Undervalued Blue Chip Dividend Stocks for High Long-Term Returns

Bob Ciura
Aug 6, 2022 7:00 AM EDT

This diversified group of high-yielders also happen to be undervalued.

So Far, Investors Are Willing to Reach Higher for the Market

James "Rev Shark" DePorre
Aug 5, 2022 4:24 PM EDT

After the miserable earlier part of the year, many investors are growing concerned that the market is going to run away to the upside without them.

Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation. If you have questions, please contact us here.

Email

CANCEL
SUBMIT

Email sent

Thank you, your email to has been sent successfully.

DONE

Oops!

We're sorry. There was a problem trying to send your email to .
Please contact customer support to let us know.

DONE

Please Join or Log In to Email Our Authors.

Email Real Money's Wall Street Pros for further analysis and insight

Already a Subscriber? Login

Columnist Conversation

  • 09:24 AM EDT PETER TCHIR

    Jobs Report Reaction: Incredibly Strong, But Questions to Ask

    An incredibly strong July jobs report. Not only d...
  • 08:54 AM EDT JAMES "REV SHARK" DEPORRE

    This Weekend on Real Money

    The Secret to Dealing With FOMO
  • 03:51 PM EDT REAL MONEY

    AMD Second-Quarter Earnings Live Blog

    Real Money's Eric Jhonsa covers 's second-quarte...
  • See More

COLUMNIST TWEETS

  • A Twitter List by realmoney
About Privacy Terms of Use

© 1996-2022 TheStreet, Inc., 225 Liberty Street, 27th Floor, New York, NY 10281

Need Help? Contact Customer Service

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.

Compare Brokers

Please Join or Log In to manage and receive alerts.

Follow Real Money's Wall Street Pros to receive real-time investing alerts

Already a Subscriber? Login