Credit: Shutterstock photoOne important metric to look for in a stock is an 80 or higher Relative Strength Rating . Dollar Tree ( DLTR ) now clears that threshold, with a jump from 77 to 83 Thursday.
[ibd-display-video id=449433 width=50 float=left autostart=true] This exclusive rating from Investor's Business Daily measures price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
History reveals that the best-performing stocks often have an 80 or higher RS Rating in the early stages of their moves.
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Dollar Tree is trying to complete a consolidation with a 100.03 entry . See if it can clear the breakout price in volume at least 40% above average.
Earnings grew 38% last quarter, up from 10% in the prior report. Revenue also increased, from 4% to 6%.
Dollar Tree earns the No. 3 rank among its peers in the Retail-Discount & Variety industry group. Five Below ( FIVE ) is the top-ranked stock within the group.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
