Dollar General (DG) is showing signs of life.
After dropping from about $260 to $210.46, the stock is starting to pivot from oversold extensions on RSI, MACD, and Williams’ %R. From its current price, we’d like to see DG initially refill its bearish gap around $225, and eventually retest $239.
Helping, director Timothy McGuire bought 3,550 shares for $717,100 in late March. Helping even more, Deutsche Bank recently raised its price target on DG to $249 from $248, with a buy rating. The company also recently raised its dividend to 59 cents a share, which is payable around April 25 to shareholders of record as of April 11.