Dollar General seeks a bottom to boost it - Analysis - 07-11-2022

Dollar General's stock (DG) fell in the intraday levels amid negative signals from the RSI after reaching overbought levels, while seeking a bottom to boost it once more, marking a final loss of 0.46% in the last session, or 1.14 points, and settling at 248.10, with trading volumes surpassing 1.5 million shares, slightly below 10-day averages.

Therefore we expect the stock to return higher, targeting  the pivotal resistance of 262.20, provided the support of 240.14 holds on.

Expected trend for today: Bullish