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Jim Van Meerten
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Jim Van Meerten is an advisor to Marketocracy Capital Management and writes on financial subjects here and on Barchart Portfolio Blogs. He earned a BS in Accounting and Business Administration from Berry College; a Juris Doctorate from the Woodrow Wilson School of Law; and attended... More
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  • Dollar Tree - Barchart Chart of the Day 0 comments
    Aug 29, 2011 8:51 AM | about stocks: DLTR
    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


    Barchart links for further information:

    Quotes and Charts
    Quote
    Detailed Quote
    Chart

    Technical Analysis
    Technicals Summary
    Trader's Cheat Sheet™

    Barchart Opinions
    Barchart Opinion
    Barchart Snapshot
    Trading Strategies

    Company Info
    Company Profile
    Key Statistics
    Ratios
    Income Statement-Quarterly
    Income Statement-Annual
    Balance Sheet-Current
    Balance Sheet-Annual


    Chart of the Day Archive
    View Past Chart of the Day Reports
    Themes: long ideas Stocks: DLTR
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