Dycom Industries continues its bullish trend in order to test new highest level.
From a fundamental viewpoint, the company is strong. It has a reasonable valuation with an EV/Sales ratio of 1.03x. The Thomson Reuters consensus revised regularly upward EPS estimates of the company for the current year, as well as their target prices.
Technically, the security shows a bullish configuration on all time scales. Prices are supported by increasing moving averages. The stock has recently achieved an upward gap above USD 38, and crossed the USD 43.8 pivot point, which indicates strong buyer flows.
Therefore, taking into account those elements, it seems opportune to take a long position at the current price in order to benefit from the upward trend. The first target price is the USD 51.2 resistance and a stop loss will be placed under the USD 43.8 pivot point.
Dycom Industries, Inc. is a provider of specialty contracting services. The Company supplies telecommunications providers with a portfolio of services, such as program management, planning, engineering and design, aerial, wireless construction, maintenance, and fulfillment services. It provides underground facility locating services for utilities, including telecommunications providers, and other construction and maintenance services for electric and gas utilities. It also supplies the expertise, labor, equipment, and tools necessary to provide services to its customers. It provides engineering services to telecommunications providers, such as planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems that extend from the telephone company hub location, or cable operator headend, to a consumers' home or businesses. It provides construction and installation services, including the placement and splicing of fiber, copper, and coaxial cables.
DYCOM INDUSTRIES, INC. 
