DLTR closes lower for the 2nd day in a row
Moving lower for the 2nd day in a row, DLTR finished Thursday at 94.29 losing $0.20 (-0.21%) on low volume. Closing within the previous day's range, prices failed to decisively move past the prior day's trading range in a lackluster session.
Thursday's trading range was $1.20 (1.27%), that's far below last trading month's daily average range of $1.96. Things look different on a weekly scale, where volatility is above the markets average with the monthly volatility being slightly below average.
Prices are trading close to a key support level at 93.70.
Dollar Tree shows weakness in the short-term (in accordance with its long-term downtrend) with only the medium-term trend being bullish.
As prices are trading close to May's high at 97.02, upside momentum could speed up should the stock mark new highs for the month.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being very bullish.
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|Close to S1 Support||TQ Pro Members Only|
|2 Consecutive Lower Closes||TQ Pro Members Only|
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