Dollar Tree Stores (DLTR) 11/6/09 PriceWatch Alert Support Down To $46.98

Posted: Friday, November 06, 2009 8:14 AM EDT

Dollar Tree Stores (NasdaqNM: DLTR) closed yesterday at $48.32. 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 46.98 and resistance in the 49.28 range. Technical indicators for the stock are Bullish 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 50 covered call (DTJ BJ) for a net debit in the $45.97 area. That is also the break even stock price for this trade. This covered call has a 106 day duration, provides 4.86% downside protection and an 8.77% assigned return rate for a 30.19% annualized return rate (comparison purposes only). Dollar Tree does not pay dividends at this time. [FBB-Seven Summits Research]

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