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Dollar Tree Up 2.3% Since Standpoint Research Downgraded One Week Ago (DLTR)

Published on Wed, 07/10/2013 - 09:12
By Mallory Stone

One week ago Dollar Tree (NASDAQ:DLTR) was downgraded from Buy to Hold at Standpoint Research. The stock closed at $52.82, which is 2.3% higher than the price one week ago ($51.63).

Dollar Tree, Inc. operates a discount variety store chain. The Company sells an assortment of everyday general merchandise. Dollar Tree sells its merchandise at the $1.00 price point. The Company operates throughout the United States.

In the past 52 weeks, Dollar Tree share prices have been bracketed by a low of $30.00 and a high of $56.81 and are now at $53.60, 79% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.6%.

Dollar Tree (NASDAQ:DLTR) is currently priced 7.0% above its average consensus analyst price target of $49.83. Dollar Tree shares have support at the 50-day moving average (MA) of $49.71 and additional support at the 200-day MA of $44.41.

By Mallory Stone