$DLTR, CMT Investment Challenge - 1st Trade
Dolar Tree is in a confirmed uptrend and after a retest on support at $125, the price has formed a cup & handle with less of 30% throwback, this correction came after bad news on 
WMT. That's why stocks like 
DLTR and 
DG came right back up. This shows strength and leadership in its industry.
Inside the handle it has formed a shark pattern with pivot buy at $169. This volatility contraction usually signals that an agressive move could follow. My stop loss is just below last week's low.
Investors Business Daily gives a RS rating of 96 and Ranks the stock in 2nd in its industry behind
BJ.
The retail leader has reported 4 quarters in a row with YoY growth. Last quarter published a +6% in revenue, +34% in profit margins and +48% in EPS growth. This fundamentals may act as a driver for institutions to buy the stock.
WMT. That's why stocks like DLTR and DG came right back up. This shows strength and leadership in its industry.Inside the handle it has formed a shark pattern with pivot buy at $169. This volatility contraction usually signals that an agressive move could follow. My stop loss is just below last week's low.
Investors Business Daily gives a RS rating of 96 and Ranks the stock in 2nd in its industry behind
BJ.The retail leader has reported 4 quarters in a row with YoY growth. Last quarter published a +6% in revenue, +34% in profit margins and +48% in EPS growth. This fundamentals may act as a driver for institutions to buy the stock.
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