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Technical Analysis
- 9/30/2009 9:02:33 AM
By Chip Brian, SmarTrend Analytics Team
Dollar Tree (NASDAQ:DLTR) initiated as Outperform at RBC Capital. The stock closed yesterday at $48.17 on volume of 1,677,100 shares, above average daily volume of 1,429,237.
Dollar Tree is currently above its 50-day moving average of $47.46 and above its 200-day moving average of $43.19.
SmarTrend is bullish on shares of DLTR and our subscribers received an Uptrend alert on July 23, 2009 at $45.95, which has returned 4.8% to date.
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