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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This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates.
Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com/important-information.
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.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
Important Information
TradingView is not affiliated with TradeStation Securities Inc. or its affiliates. TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.
This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates.
Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com/important-information.
