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Dollar Tree Crosses Below its 10-day MA (DLTR)

By Nick Russo

Today, shares of Dollar Tree (NASDAQ:DLTR) have crossed bearishly below their 10-day moving average of $80.28 on a volume of 681K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Dollar Tree has traded in a range of $60.31 to $99.93 and is now at $79.26, 31% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Dollar Tree. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Dollar Tree in search of a potential trend change.

Keywords: moving crosses Dollar Tree

Ticker(s): DLTR