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Look for Shares of Dollar Tree Inc to Potentially Pullback after Yesterday's 1.94% Rise

By Nick Russo

Dollar Tree Inc (NASDAQ:DLTR) traded in a range yesterday that spanned from a low of $69.11 to a high of $70.88. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $69.15 on volume of 1.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Dollar Tree Inc has traded in a range of $65.63 to $99.93 and is now at $70.53, 7% 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 Inc on May 17th, 2017 by issuing a Downtrend alert when the shares were trading at $78.63. Since that call, shares of Dollar Tree Inc have fallen 12.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders dollar tree inc

Ticker(s): DLTR