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Another Breakout for Family Dollar Stores (NYSE: FDO)

|Includes: Family Dollar Stores Inc. (FDO)

November 2, 2010

Shares of Family Dollar Stores (NYSE: FDO) broke out above their previous 2003 highs on Back on Tuesday, October 6. They have now broken out again.

After the early October breakout, share prices languished around $46.00, which is a strong resistance level for FDO.

But on Monday, November 1, in a lackluster day for the stock market, FDO rallied and broke out to new all-time highs, closing at $46.57.

FDO is extended here, but such conditions can last longer than anyone expects. FDO could reach $50 a share in short order.

The Fibtimer.com (http://www.fibtimer.com) ETF Timing Strategy does not have an open position in Family Dollar Stores.



Disclosure: The Fibtimer.com (www.fibtimer.com) ETF Timing Strategy does not have an open position in Family Dollar Stores.