Dollar Tree Crosses Below its 10-day MA (DLTR)
Today, shares of Dollar Tree (NASDAQ:DLTR) have crossed bearishly below their 10-day moving average of $77.80 on a volume of 514K shares. This may provide swing traders with 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 $77.28, 28% above that low. The 200-day and 50-day moving averages have moved 0.02% lower and 0.04% lower over the past week, respectively.
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 10.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses Dollar Tree