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After Yesterday's Decline of 2.24%, Dollar Tree Inc Offers Investors Better Value

By David Diaz

Dollar Tree Inc (NASDAQ:DLTR) traded in a range yesterday that spanned from a low of $84.15 to a high of $85.85. Yesterday, the shares fell 2.2%, which took the trading range below the 3-day low of $84.83 on volume of 308,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Dollar Tree Inc have traded between a low of $65.63 and a high of $116.65 and are now at $84.32, which is 28% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.3%.

SmarTrend is tracking the current trend status for Dollar Tree Inc and will alert subscribers who have DLTR in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders dollar tree inc

Ticker(s): DLTR