DBS Group (OTCMKTS:DBSDY) Stock Breaks Above Fifty Day Moving Average – Should You Sell?

by · The Markets Daily

DBS Group Holdings Ltd (OTCMKTS:DBSDY – Get Free Report)’s share price passed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $239.93 and traded as high as $243.32. DBS Group shares last traded at $233.64, with a volume of 32,377 shares.

Analysts Set New Price Targets

Separately, Zacks Research upgraded DBS Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.

View Our Latest Stock Report on DBSDY

DBS Group Trading Down 0.5%

The stock’s fifty day moving average price is $239.70 and its 200 day moving average price is $215.92.

About DBS Group

(Get Free Report)

DBS Group Holdings Ltd. is a Singapore-based financial services group and the parent company of DBS Bank Ltd. Established in 1968 as the Development Bank of Singapore, the group has grown into a major Asian banking institution serving individuals, businesses, corporations and institutional clients.

DBS provides consumer and commercial banking, wealth management, investment banking, treasury and markets, and transaction banking services. Its offerings include deposits, loans, credit cards, mortgages, investment products, insurance, cash-management solutions, trade finance and corporate advisory services.

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