Dollar Tree Inc (DLTR): Price Now Near $102.27; Daily Chart Shows Downtrend on 20 Day Basis

The Hourly View for DLTR

At the time of this writing, DLTR’s price is down $-0.8 (-0.77%) from the hour prior. The hourly chart shows that DLTR has seen 2 straight down hours. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

DLTR’s Technical Outlook on the Daily Chart

Currently, DLTR’s price is up $0.39 (0.38%) from the day prior. The daily chart shows that DLTR has seen 2 straight up days. Regarding the trend, note that the strongest trend exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows DLTR’s price action over the past 90 days.

For DLTR News Traders

Investors and traders in DLTR may be particularly interested in the following story that came out in the past day:

Dollar Tree To Ramp Up Combo Stores And New Locations In Bid To Boost Sales Growth

Dollar Tree, the country’s second-largest operator of discount stores, said Wednesday (March 3) that it is accelerating store growth and renovations this year as it looks to boost sales and profits at its more than 15,000 locations. In announcing its fourth-quarter and full-year financial results, the Virginia-based retailer said it plans to renovate 1,250 existing […]

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The post Dollar Tree Inc (DLTR): Price Now Near $102.27; Daily Chart Shows Downtrend on 20 Day Basis appeared first on ETF Daily News.