See What's Pushing Dollar Tree (DLTR) Higher
Posted: Wednesday, December 09, 2009 12:30 PM EDT
Dollar Tree (DLTR) was upgraded today by analysts at Wedbush Morgan Securities and the stock is now at $48.10, up $0.12 (0.25%) on volume of 872,109 shares traded. Wedbush Morgan Securities upgraded the stock to Neutral from Underperform. Over the last 52 weeks the stock has ranged from a low of $32.94 in February to a high of $52.20 in November. Dollar Tree stock has been showing support around $46.27 and resistance in the $49.07 range. Technical indicators for the stock are bullish and S&P gives DLTR a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on DLTR the stock seems like it could be a candidate for a February out-of-the-money bull-put credit spread below the 40 range. [ABR-Seven Summits Strategic Investments NewsBite]
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