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DOLLAR TREE INC
(DLTR-Nasdaq):
Technical Viewpoint: From a low
of $39.87 on Jun 8, 2010 prices
rallied, reaching a
high of $42.97
on Jun 15, 2010. A
decline saw prices pull back, reaching a
low of
$40.91 on Jul 24, 2010.
Another rally saw prices penetrate
resistance, closing 7/2/10
at $43.08. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jul 2, 2010 when the solid line crossed the dotted line to the upside.
Support: Remains at $40.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jun 1, 2010. A P&F upside
reversal takes place at $41.00. Summary: Technical indicators have turned bullish. BUY! DOLLAR TREE INC
(DLTR-Nasdaq) @ $43.38 Stop: Use a protective stop of $41.38.
DOLLAR TREE INC is currently trading @ $43.08 plus $0.73 on Jul 4, 2010. Price Objective:
$50.50. Risk/Reward: $2.00 VS. $7.12. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$50.50
Risk/Reward:
$2.00 VS. $7.12
Risk/Reward Ratio:
4:1
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" Institutional Technical Viewpoint
