Bearish Moving Average Cross by Dollar Tree (DLTR)
Dollar Tree (NASDAQ:DLTR) crossed under its 10-day moving average of $96.09 on a volume of 213K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Dollar Tree share prices have moved between a 52-week high of $97.84 and a 52-week low of $60.31 and are now trading 59% above that low price at $95.62 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.
SmarTrend recommended that subscribers consider buying shares of Dollar Tree on May 26th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $86.98. Since that recommendation, shares of Dollar Tree have risen 10.6%. We continue to monitor DLTR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Dollar Tree