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Stock Market & Financial Investment News

News Breaks
December 18, 2012
16:33 EDTDDSDillard's settles equal employment opportunity commission issues
Dillard's settled matters pending with the Equal Employment Opportunity Commission, or EEOC, concerning two policies that the EEOC alleged to violate the Americans with Disabilities Act. One policy, which was abandoned in 2007, required associates to provide a doctor's note identifying the nature of their medical condition in order to have a medical absence excused. The second policy prescribed a maximum leave period for medical related absences. Neither policy remains in effect. Further, the company denies that either policy violated the ADA. However, in order to avoid further protracted litigation with the EEOC over policies that are no longer in effect, Dillard's determined that the most efficient resolution was to settle with the EEOC. Under the settlement the company agreed to not reinstate the policies at issue as well as to other injunctive relief, and to establish a Class Fund from which current and former associates who believe they were adversely affected by the policies can make a claim.
News For DDS From The Last 14 Days
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May 14, 2015
19:02 EDTDDSOn The Fly: After Hours Movers
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16:15 EDTDDSDillard's sees FY15 CapEx $160M
16:14 EDTDDSDillard's reports Q1 EPS $2.66, consensus $2.78
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15:05 EDTDDSDillard's technical comments before earnings
The stock has been in a classic uptrend for the past five years, with the 50-week moving average serving as a good close-fit proxy for a hand-drawn uptrend line. That line is now one to watch into earnings. Price has recently declined to test it, which is not unexpected ahead of earnings. The key now is whether price bounces from this support or breaks it. If the news is bearish, we can expect a breakdown below the 50-week moving average at $119.81. A breakdown below this moving average would snap a 5-year uptrend, turning the long-term trend to bearish. Support levels to watch in that event would be at $113, $106.11, and the $100 area. The $100 level was important support for the shares in October of last year. If the news is bullish, resistance would be at $131.95, $138.92, and the 52-week high at $144.21. A projection forward of the 5-year price channel would suggest an extreme move to $150 would be possible if news supports it.

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