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Bearish Moving Average Cross by Dollar Tree Inc (DLTR)

By David Diaz

Today, shares of Dollar Tree Inc (NASDAQ:DLTR) have fallen below their 10-day MA of $111.36 on a volume of 186K 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 Inc share prices have moved between a 52-week high of $113.38 and a 52-week low of $78.78 and are now trading 41% above that low price at $110.81 per share. The 200-day and 50-day moving averages have moved 0.44% higher and 0.18% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Dollar Tree Inc on June 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $102.94. Since that recommendation, shares of Dollar Tree Inc have risen 9.0%. 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 inc

Ticker(s): DLTR