user warning: Got error 28 from storage engine query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 440768 ORDER BY v.weight, t.weight, in /var/www/ on line 617.

Stock Investors Sell Off Shares of Dollar Tree, Down 2.2%

Published on Tue, 02/12/2013 - 13:15
By Robert Cotter

Dollar Tree (NASDAQ:DLTR), a company whose shares are moving quickly, is trading 2.2% lower to $40.07. The Dow Jones Industrial Average is now trading 0.3% higher to 14,016 and the S&P is trading 0.2% higher to 1,520.

Potential upside of 19.0% exists for Dollar Tree, based on a current level of $40.07 and analysts' average consensus price target of $47.68. The stock should hit resistance at its 200-day moving average (MA) of $46.13, as well as support at its 50-day MA of $39.76.

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.

Over the past year, Dollar Tree has traded in a range of $30.00 to $56.81 and is now at $40.07, 34% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.2%.

By Robert Cotter