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The S&P 500 Is Down. Dollar Tree Isn’t

NASDAQ:DLTR   Dollar Tree, Inc
At times of broad market weakness like the present, it can be interesting to find stocks unscathed by the selling. Dollar Tree appears to be in that camp.

The discount retailer has remained above its 100-day simple moving average ( SMA ) during the entire downturn of 2022. This stands in sharp contrast with the S&P 500 , Nasdaq-100 and Dow Jones Industrial Average , which are mired below their 200-day SMAs .

Second, Bollinger Band Width has been slowly expanding after squeezing into a tight range. That may suggest prices are starting to move again.

Third, notice that the expansion is occurring near the late 2021 highs. In fact, DLTR achieved and record closing high on Monday.

Finally, MACD has been gradually working upward since the beginning of February.

This comes against a backdrop of improving fundamentals as management raises prices and activist investors successfully achieve board changes.

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