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Look for Shares of Dollar Tree Inc to Potentially Rebound after Yesterday's 1.89% Sell Off

By David Diaz

Dollar Tree Inc (NASDAQ:DLTR) traded in a range yesterday that spanned from a low of $100.37 to a high of $100.62. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $101.66 on volume of 1.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Dollar Tree Inc on January 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $97.42. Since that recommendation, shares of Dollar Tree Inc have risen 5.3%. We continue to monitor DLTR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Dollar Tree Inc has traded in a range of $78.78 to $116.65 and is now at $100.62, 28% above that low. The 200-day and 50-day moving averages have moved 0.16% higher and 1.04% higher over the past week, respectively.

Keywords: rebounders dollar tree inc

Ticker(s): DLTR