New York, April 20th (TradersHuddle.com) - Shares of Dollar Tree, Inc. (NASDAQ:DLTR) booked a new 52 week high today by trading above $98.94, traders are definitely monitoring Dollar Tree's price action to see if this move attracts further buying into the stock.
Dollar Tree, Inc. (NASDAQ:DLTR) operates a discount variety single-price-point retail chain. The Company sells an assortment of everyday general merchandise at the $1.00 price point. The Company operates throughout the United States.
Dollar Tree is currently trading 1% versus its previous trading session close, and it has calculated support and resistance at $84.75 and $94.47 respectively. Clearly, with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range.
The overall market index S&P 500 is trading higher by 0.72% from its previous trading close, which means that Dollar Tree stock is outperforming the overall market.
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