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SmarTrend Watching for Potential Pullback in Shares of Dollar Tree After 10.49% Gain
[February 27, 2013]

SmarTrend Watching for Potential Pullback in Shares of Dollar Tree After 10.49% Gain

Feb 27, 2013 (SmarTrend(R) News Watch via COMTEX) -- Dollar Tree (NASDAQ:DLTR) traded in a range yesterday that spanned from a low of $43.50 to a high of $46.71. Yesterday, the shares gained 10.5%, which took the trading range above the 3-day high of $41.98 on volume of 10.6 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Dollar Tree has traded in a range of $30.00 to $56.81 and is now at $45.39, 51% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has slid 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Dollar Tree on June 28th, 2012 by issuing a Downtrend alert when the shares were trading at $51.56. Since that call, shares of Dollar Tree have fallen 20.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Write to Chip Brian at --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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