The broader market has been super volatile lately, which makes the tranquil behavior of one retailer interesting: Dollar Tree.
Notice how the discounter plunged on May 18 after Target’s poor quarterly results. Also notice how quickly it rebounded after its own quarterly numbers handily beat estimates on May 26. The stock has barely moved since then – despite...
The PEAD projected a Neutral outlook for $DLTR after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 75%.
At times of broad market weakness like the present, it can be interesting to find stocks unscathed by the selling. Dollar Tree appears to be in that camp.
The discount retailer has remained above its 100-day simple moving average (SMA) during the entire downturn of 2022. This stands in sharp contrast with the S&P 500, Nasdaq-100 and Dow Jones Industrial Average,...
Earnings watch 3/2 pre-market:
DLTR
ANF
PSFE
GSL
SSU
AMRX
BHG
VLN
DIN
OSW
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of...
DLTR experience breakout it huge base (1386 days) on mid Nov with solid volume.
Price experience minor pull back for 1 month and attempt to break new high ground again.
Daily chart shown to have short base VCP setup. It also shown the resistance to drop while overall market experience major drawdown.
Let's see how it act.
Disclaimer:
Not buy call...
Bought position as the stock came thru the high-volume pivot from Dec 10. The stock has been one of the strongest in the market, gapping up and out of a very long-term base on an analyst upgrade in November and having a very strong day on earnings.
Since earnings, it has digested its move very orderly and with very low volatility. It looks like it may be...
The Market's longer term uptrend still intact and things look cautiously optimistic. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names...
$DLTR has a lot going for it...
BULLISH
Is in a Stage 2 uptrend with price above a rising 30W MA.
Relative Strength is above its zero line.
Price moved up aggressively before consolidating for 21 trading days (just over 4 weeks).
The consolidation has seen 2 complete contractions. The first is 11% the second 7%. The current T is super tight with a 2%...
Dollar Tree of Trendline support.
Bouncing off support with gap area to fill on the upside.
Took the 12/17 140Cs @ 3.08/contracts currently up 3-4% ROI.
Trade Action Plan:
Looking for the move to 137.85 & Above.
if this move can happen then expecting the gap fill to 140.30
Price targets above 137.50:
PT1: $138.50
Pt 2: $140.50
PT 3: $141+
DLTR - just got upgraded to $140 and it looks to be well on it's way on this upward trend it will be interesting to see what it does with all these inflation concerns if it will keep climbing or if it will get pulled back dramatically
It looks like we are going to get a 4th test of the $120 resistance area this week going back to 2018. If this accepts over $120, look for a powerful move up towards $155. If it rejects, look for support at $106 and $97.
