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TMCNet:  SmarTrend Watching for Potential Pullback in Shares of Dollar Tree After 10.49% Gain

[February 27, 2013]

SmarTrend Watching for Potential Pullback in Shares of Dollar Tree After 10.49% Gain

Feb 27, 2013 (SmarTrend(R) News Watch via COMTEX) -- Dollar Tree (NASDAQ:DLTR) traded in a range yesterday that spanned from a low of $43.50 to a high of $46.71. Yesterday, the shares gained 10.5%, which took the trading range above the 3-day high of $41.98 on volume of 10.6 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.


Over the past year, Dollar Tree has traded in a range of $30.00 to $56.81 and is now at $45.39, 51% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has slid 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Dollar Tree on June 28th, 2012 by issuing a Downtrend alert when the shares were trading at $51.56. Since that call, shares of Dollar Tree have fallen 20.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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