Stock of the Day: Dollar Tree Sure Has A Good Memory
Portfolio Pulse from Mark Putrino
Dollar Tree Inc (NASDAQ:DLTR) has consistently found support at the $84.50 level, a phenomenon known as market memory. This level has been significant since September 2020, and the stock has rallied each time it reached this point. The current situation suggests a potential rally as the stock finds support at this level again.
August 30, 2024 | 5:40 pm
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Dollar Tree Inc's stock has consistently found support at the $84.50 level, indicating a potential rally as it reaches this point again. This level has been significant since 2020, suggesting strong market memory.
The $84.50 level has historically been a strong support for Dollar Tree, leading to rallies in 2020 and 2021. The stock finding support at this level again suggests a potential upward movement due to market memory and buyer psychology.
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