Dollar Tree turns to positive outlook quickly - Analysis - 27-05-2022

Economies.com
2022-05-27 13:30PM UTC

Dollar Tree's stock (DLTR) surged in the last session after the retailer raised forecasts for the whole year, with the company looking to benefit from increased consumer demand on value deals as inflation spikes.

 

Technically, the stock managed to shake off negative pressure from the 50-day SMA, with positive signals from the RSI after reaching oversold levels, amid the dominance of the upward medium-term trend. 

 

Therefore we expect more gains for the stock, targeting the pivotal resistance of 177.19. 

 

Expected trend for today: Bullish

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