Dollar Tree (DLTR)

[chmcnfunds]

Nov 16, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX) --

Dollar Tree (NASDAQ:DLTR) was upgraded from Neutral to Buy at MKM Partners today. The stock closed yesterday at $39.70 on volume of 10.3 million shares, above average daily volume of 4.4 million. Dollar Tree, Inc. operates a discount variety store chain. The Company sells an assortment of everyday general merchandise. Dollar Tree sells its merchandise at the $1.00 price point. The Company operates throughout the United States.

Potential upside of 166.5% exists for Dollar Tree, based on a current level of $39.70 and analysts' average consensus price target of $105.79. The stock should run into initial resistance at its 50-day moving average (MA) of $45.32 and subsequent resistance at its 200-day MA of $48.08.

Over the past year, Dollar Tree has traded in a range of $30.00 to $56.81 and closed yesterday at $39.70, 32% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Dollar Tree on June 28th, 2012 by issuing a Downtrend alert when the shares were trading at $51.56. Since that call, shares of Dollar Tree have fallen 23.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Write to Chip Brian at [e-mail]
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