Keep an eye on Dollar Tree (DLTR).

Oversold, it’s just starting to come back strong. It’s also reversing from over-extensions on RSI, MACD, and Williams’ %R. From a current price of $110.10, we’d like to see it initially test $115 again soon. Helping, Goldman Sachs just upgraded DLTR to a buy rating from neutral. The firm sees strong earnings growth and likes its earnings potential.

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Plus, with many Americans struggling, many are turning to lower-priced stores, such as Dollar Tree. In fact, as noted by Daily Mail, “Among households with six-figure incomes, 45 percent now say they would shop at dollar stores, up from 39 percent one year ago…”


Ian Cooper