Dollar Tree Stores (DLTR) 11/4/09 PriceWatch Alert Shows Bearish Technicals
Posted: Wednesday, November 04, 2009 8:40 AM EDT
By: Market Intelligence Center Staff
Dollar Tree Stores (NasdaqNM: DLTR) closed yesterday at $47.00. 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 46.03 and resistance in the 48.35 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 49 covered call (DTJ BV) for a net debit in the $44.65 area. That is also the break even stock price for this trade. This covered call has a 108 day duration, provides 5.00% downside protection and a 9.74% assigned return rate for a 32.93% annualized return rate (comparison purposes only). Dollar Tree does not pay dividends at this time. [WBA-Seven Summits Research]
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