Dollar Tree had its Relative Strength (RS) Rating upgraded from 87 to 91 Friday.
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This exclusive rating from Investor's Business Daily tracks share price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the top-performing stocks often have an RS Rating of at least 80 at the beginning of a new price run.
Dollar Tree is now considered extended and out of buy range after clearing a 79.80 buy point in a first-stage consolidation. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Earnings grew 2% last quarter, up from -15% in the prior report. Revenue also increased, from 1% to 11%.
The company earns the No. 4 rank among its peers in the Retail-Discount & Variety industry group. Five Below is the top-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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