Dollar Tree Stores (DLTR) 11/2/09 PriceWatch Alert Support Down To $44.02

Posted: Monday, November 02, 2009 8:34 AM EDT

Dollar Tree Stores (NasdaqNM: DLTR) ended the last trading session at $45.13. So far the stock has hit a 52-week low of $32.94 and 52-week high of $51.72. Dollar Tree stock has been showing support around 44.02 and resistance in the 46.50 range. Technical indicators for the stock are Bearish and S&P gives DLTR a positive 4 STAR (out of 5) buy rating. DLTR appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Feb '10 47 covered call (DTJ BU) for a net debit in the $42.83 area. That is also the break even stock price for this trade. This covered call has an 110 day duration, provides 5.10% downside protection and a 9.74% assigned return rate for a 32.31% annualized return rate (comparison purposes only). Dollar Tree does not pay dividends at this time. [ABR-Seven Summits Research]

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