Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

Dollar Stores Are Rising With The Dollar

ByDragonfly Capital
AuthorGregory W. Harmon
Published 07/02/2013, 01:06 AM
Updated 05/14/2017, 06:45 AM

The dollar stores rebounded significantly from their November through March Base, but recently have been either stalled or pulling back. That is now changing. Take a look at Dollar General, DG. After pulling back to the 200 day Simple Moving Average (SMA) to start June, it has been building an ascending triangle since. Monday it tried to peek over the top but failed. But it looks to have some support to get there. The Relative Strength Index (RSI) is trending higher and the Moving Average Convergence Divergence indicator (MACD) is also turning up and crossed to positive. The Measured Move on the break higher takes it to 56.40.
DG
And Dollar Tree, $DLTR, is just as good. In fact it is breaking resistance of an ascending triangle that formed with the 50 day SMA as the base Monday. The Measured Move takes it higher to 55. The RSI is running higher and bullish and the MACD is turning up.
DLTR
Disclaimer: The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

Original post

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.