New Highs For Dollar Tree
Frank Kollar | May 02, 2012 02:07AM ET
All the way back in December 2011, we wrote that Dollar Tree Inc (NASDAQ: DLTR) had broken above resistance and appeared headed for considerably higher highs.
At that time, DLTR was at $82 a share.
DLTR is now above $102 a share and continues to move higher with apparently no downside in in the picture for the near future. Even during market declines, DLTR has held value or moved higher.
We have said it before and we say it again, DLTR is a rising stock with higher highs in its future.
A long position using a tight sell stop at just below $96.50 offers a very low risk trade.
Disclosure: Frank Kollar has been timing the financial markets since 1982, with online service since 1996. He is a dedicated trend timer and his strategies exited the markets before the crash in 1987 as well as the bear market in 2000 through 2002. During the 2000-2002 bear market and the 2008-2009 bear market his bearish positions resulted in substantial gains, all achieved by trading trends.
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