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SmarTrend Watching for Potential Pullback in Shares of Dollar General C After 2.01% Gain

By David Diaz

Dollar General C (NYSE:DG) traded in a range yesterday that spanned from a low of $88.63 to a high of $91.00. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $89.88 on volume of 2.0 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 its subscribers protect gains by selling shares of Dollar General C on February 5th, 2018 by issuing a Downtrend alert when the shares were trading at $98.12. Since that call, shares of Dollar General C have fallen 9.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Dollar General C share prices have moved between a 52-week high of $105.82 and a 52-week low of $65.97 and are now trading 37% above that low price at $90.27 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.9%.

Keywords: rebounders dollar general c

Ticker(s): DG