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iAnneTrader
21 Nov 2014 pukul 09.35

DLTR gaps up on higher volume Panjang

Dollar Tree, Inc.NASDAQ

Huraian

On yesterdays earnings announcement price gapped up on DLTR (with higher volume). This offers a good near-term opportunity to buy this stock for a quick profit. Ideally, it would've been nice to have seen a more bullish bar.

For longer-term opportunities this stock has trended well in the past, but since June 2012 the trend has not been able to re-established itself. In late October 2014 the most recent upward wave began and, after breaking the October 2013 pivot high at around $60, it has shown more strength.

With two gaps up on higher volume and a retest of the October 2013 pivot this could well turn into a good longer-term opportunity, again.
Lebih