Dollar Tree Bearish Moving Average Crossover Alert (DLTR)
Dollar Tree (NASDAQ:DLTR) crossed under its 10-day moving average of $76.28 on a volume of 183K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, Dollar Tree share prices have been bracketed by a low of $60.31 and a high of $99.93 and are now at $76.06, 26% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.
SmarTrend recommended that its subscribers protect gains by selling shares of Dollar Tree on August 25th, 2016 by issuing a Downtrend alert when the shares were trading at $87.48. Since that call, shares of Dollar Tree have fallen 12.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses Dollar Tree