Dollar Tree, Inc. : Close to a key level on the weekly chart
| Entry price | Target | Stop-loss | Potential |
|---|
|
$79.53 |
$90.05 |
$77 |
+13.23% |
|---|
Dollar Tree, Inc. shares have returned to important technical levels around 76.89 USD based on weekly price data. The timing seems attractive to be a buyer of this stock.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
● The company has solid fundamentals for a short-term investment strategy.
● The current area is a good opportunity for investors interested in buying the stock in a mid or long-term perspective. Indeed, the share is moving closer to its lower bound at USD 76.89 USD in weekly data.
● Its core activity has a significant growth potential and sales are expected to surge, according to Thomson Reuters' forecast. Indeed, those may increase by 51% by 2019.
● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 76.89 USD
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DOLLAR TREE, INC. 
