Dollar Tree Stores (DLTR) Up Nearly 2% On High Volume
Posted: Tuesday, November 10, 2009 9:15 AM EDT
By: Market Intelligence Center Staff
Dollar Tree Stores (NasdaqNM: DLTR) closed yesterday at $49.65. 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 47.97 and resistance in the 50.61 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 $46.65 area. That is also the break even stock price for this trade. This covered call has a 102 day duration, provides 6.04% downside protection and a 7.18% assigned return rate for a 25.70% annualized return rate (comparison purposes only). Dollar Tree does not pay dividends at this time. [ATU-Seven Summits Research]
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