In a welcome move, Dollar Tree saw its Relative Strength Rating improve from 69 to 77 on Thursday.
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IBD's proprietary RS Rating tracks market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains often have an RS Rating of at least 80 in the early stages of their moves. See if Dollar Tree can continue to rebound and hit that benchmark.
Dollar Tree has risen more than 5% past a 79.80 entry in a first-stage consolidation, meaning it's now out of a proper buy zone. Look for the stock to offer a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company showed -15% EPS growth in the latest quarterly report. Revenue rose 1%. The next quarterly numbers are expected on or around May 22.
Dollar Tree holds the No. 4 rank among its peers in the Retail-Discount & Variety industry group. BJ's Wholesale Club is the No. 1-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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