Banking

Stock Upgrades: Dollar Tree Shows Rising Relative Strength

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




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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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