Financial Tides -- A Stock Market Investing Newsletter by Jim Van Meerten: Dollar Tree

Monday, August 29, 2011

Dollar Tree - Barchart Chart of the Day

Barchart.com's Chart of the Day - Dollar Tree (DLTR)

Barchart Research Team - Barchart.com - Fri Aug 26, 3:43PM CDT

Related Stocks

DLTR - Dollar Tree

Sym	Last	Chg	Pct
DLTR	70.46	+2.83	+4.18%

The "Chart of the Day" is Dollar Tree (DLTR), which showed up on Friday's list of stocks that had a new "Buy" signal from the Barchart "TrendSpotter" trading system. Dollar Tree on Friday rallied by 4.18% and edged to a new all-time high of $70.61. In recent news on the stock, Dollar Tree after the close on Aug 24 announced that is entered into an agreement with JPMorgan Chase to repurchase $200 million of its shares under a variable maturity accelerated share repurchase program. This repurchase is part of Dollar Tree's $500 million share repurchase program announced on June 21. In other news, Barron's on Aug 19 carried a favorable article on Dollar Tree saying the retailer has put itself in a better position than its competitors by adding more items to its stores and expanding its fresh and frozen food offerings. Dollar Tree on Aug 18 reported Q2 EPS of 77 cents, which was above the consensus of 75 cents. Dollar Tree, with a market cap of $8.3 billion, is an operator of discount variety stores offering merchandise at a fixed price point of $1.00 or less. The stores offer a wide range of everyday general merchandise in many categories, including housewares, seasonal goods, candy and food, toys, health and beauty care, gifts, party goods, stationery, books, personal accessories, and other consumer items.

dltr_700_01

How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "Trading Signals" page. That page provides a summary of changes in the Barchart signals. We then clicked on the TrendSpotter "Buy" category to obtain a list of all the stocks for which the Barchart TrendSpotter trading system has just turned to a buy. We then clicked on the "Today's Opinion" column header in order to sort the list with the strongest stocks on top. Further information is available at Barchart Signals Guide help page and at TrendSpotter help page.
The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

TrendSpotter: Buy
Short-Term Indicators: 60% Buy
Medium-Term Indicators: 75% Buy
Long-Term Indicators: 100% Sell
Overall Average 80% Buy