Technical trade #6: Dollar Tree (DLTR) - Blogging Stocks

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Technical trade #6: Dollar Tree (DLTR)
Oct 11, 2009 05:00 PM UTC

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Symbol	Sentiment	Start	Return	Closed
DLTR	n/a

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Filed under: Technical Analysis, S and P 500, Stocks to Buy

Dollar Tree (NASDAQ: DLTR) has more than 3,500 stores that sell its inventory of toys, durable housewares, candy, seasonal goods, and so on for a $1. Its other stores, operating as Deal$, sell most of its inventory at $5 or less.

This deep-discount retailer is generally considered to be the leader of its class and is rated a "buy" (four stars) by S&P with a target of $59.

The stock executed a major long-term bullish breakout at around $45. Technically this breakout is major and targets the stock at over $65.

Continue reading Technical trade #6: Dollar Tree (DLTR)

Technical trade #6: Dollar Tree (DLTR) originally appeared on BloggingStocks on Sun, 11 Oct 2009 12:00:00 EST. Please see our terms for use of feeds.

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