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Look for Shares of Dollar Tree Inc to Potentially Pullback after Yesterday's 1.65% Rise

By Amy Schwartz

Dollar Tree Inc (NASDAQ:DLTR) traded in a range yesterday that spanned from a low of $81.37 to a high of $83.32. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $81.29 on volume of 1.8 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Dollar Tree Inc on July 28th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $71.77. Since that recommendation, shares of Dollar Tree Inc have risen 12.9%. We continue to monitor DLTR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Dollar Tree Inc share prices have been bracketed by a low of $65.63 and a high of $99.93 and are now at $82.84, 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.

Keywords: rebounders dollar tree inc

Ticker(s): DLTR