Dollar Tree Crosses Above its 10-day MA (DLTR)
Dollar Tree (NASDAQ:DLTR) shares have crossed bullishly above their 10-day moving average of $94.67 on a volume of 186K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, shares of Dollar Tree have traded between a low of $60.31 and a high of $96.00 and are now at $95.44, which is 58% 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 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 8.5%. 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