Wednesday, 24 December 2014

Wall Street Stock Pick of the Day for the upcoming Trading Session : Dollar Tree Inc

Techical analysis of dollar tree stock

Recommendation    :            Buy Above $71.00
Target                      :            $73.50

Dollar Tree Inc is overall in bullish trend and is sustaining at higher levels on chart. Traders can buy the stock below the level of 71.00 which is a near term resistance level for the stock and if it manages to breach this level further bullish movement is expected in this stock to test the levels of $73.50.

Stock is in bullish trend for near term and price is sustaining above the trend line after breakout on daily chart. Near term breach of resistance level of $71 is expected which would trigger further bullish sentiment in the stock to test the levels of $47.50.

RSI is trading with positive bias and is sustaining above the level of 30.
In MACD signal line is sustaining above MACD line which  is indicating bearish sentiment in the stock.