Dollar Tree Stores (DLTR) 11/13/09 PriceWatch Alert Support At Around $47.13
Posted: Friday, November 13, 2009 8:31 AM EDT
By: Market Intelligence Center Staff
Dollar Tree Stores (NasdaqNM: DLTR) closed yesterday at $48.20. 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 47.13 and resistance in the 50.05 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 $45.95 area. That is also the break even stock price for this trade. This covered call has a 99 day duration, provides 4.67% downside protection and an 8.81% assigned return rate for a 32.50% annualized return rate (comparison purposes only). Dollar Tree does not pay dividends at this time. [FBB-Seven Summits Research]
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