Stock Upgrades: Dollar Tree Shows Rising Relative Strength

Dollar Tree (DLTR) had its Relative Strength (RS) Rating upgraded from 88 to 92 Wednesday.


When you’re researching the best stocks to buy and watch, keep a close on eye on relative price strength. This exclusive rating from Investor’s Business Daily measures share price performance with a 1 (worst) to 99 (best) score. The score shows how a stock’s price behavior over the last 52 weeks compares to all the other stocks in our database.

Decades of market research shows that the best-performing stocks often have an RS Rating north of 80 as they launch their biggest climbs.

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Dollar Tree is now considered extended and out of buy range after clearing a 120.47 buy point in a first-stage cup without handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.

While earnings growth declined in the company’s most recent performance report from -23% to -38%, the top line grew 4%, up from 1% in the prior report.

The company earns the No. 3 rank among its peers in the Retail-Discount & Variety industry group. Five Below (FIVE) and BJs Whlsl hldgs (BJ) are among the top 5 highly rated stocks within the group.


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