Bridgewater, MA (February 23, 2013) - StockConsultant.com provides automated stock consulting on over 6000 US equities. Each detailed stock report contains easy to use technical analysis indicators, charts, and news to fine tune stock entry and exits. Today’s stock (NASDAQ:DLTR) came from our daily "Stocks to Watch" list and site's powerful stock screen for bottoms.
Dollar Tree Stores Inc (NASDAQ:DLTR) founded in 1986 is a company specializing in discount variety stores offering merchandise at the fixed prices. The stock has been forming a bottom below 42 for the past four months and recently has been under increasing accumulation. It is currently under a breakout watch above 42.48 with potential to fill the 10.8% upside resistance gap to 46.41.
Abbreviated support and resistance map:
CURRENT PRICE 41.89, at resistance, 41.91 ± 0.54, type single, strength 1
RESISTANCE ABOVE +10.8% at 46.41 ± 0.6, type single, strength 5
+15.8% at 48.49 ± 0.63, type triple, strength 7
SUPPORT BELOW -2.1% at 41 ± 0.53, type double, strength 4
-4.6% at 39.98 ± 0.52, type triple+, strength 10
Breakout details:
BREAKOUT WATCH for possible breakout above 42.48, no resistance in area just above.
Type: Continuation breakout from single resistance.
Target: 44.97, 7.4% Stop: 40.84, Loss: 2.5%, Profit/Loss ratio: 2.9 : 1 - Good
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