Dollar Tree (DLTR) NewsBite - One Of Today's Top Losers So Far

Monday, December 29, 2008 10:40 AM EDT

Dollar Tree (DLTR) leads the list of top losers so far today and is now at $40.93, down $0.98 (-2.34%) on volume of 185,599 shares traded. Over the last 52 weeks the stock has ranged from a low of $20.72 to a high of $44.11. Dollar Tree stock has been showing support around $40.71 and resistance in the $42.71 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 bear-call credit spread above the 47.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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