US equity market closed on a flat note with Christmas shortened Wednesday. The Dow Jones Industrial Average rose 6.04 points or less than 0.1% to close at 18030.21. The S&P 500 Index, slipped 0.29 points to finish at 2081.88. The Nasdaq Composite Index fared the best of the three advancing 8.05 points or 0.2% to end the day at 4773.47. With no major data due on Friday, market is expected to trade in range with low volume.
DOLLAR
TREE INC
Recommendation
Buy Above $71.00
Target
$73.50
BULLS OF THE STREET (NYSE)
Name
|
Close
Price ( $ )
|
Change
%
|
Amira
Nature
|
12.75
|
30.10
|
Navigator
Holdings
|
20.18
|
12.74
|
AU
Optronics ADS
|
05.42
|
12.45
|
Lending
Club
|
25.32
|
09.71
|
Unifi
|
30.24
|
09.53
|
BEARS
OF THE STREET (NYSE)
Name
|
Close
Price (
$ )
|
Change
%
|
Nuverra
Environmental Solutions
|
04.96
|
08.15
|
NQ
Mobile ADS
|
04.32
|
07.69
|
Luxfer
Holdings ADS
|
14.62
|
06.82
|
Sanchez
Energy
|
09.91
|
06.69
|
Civeo
|
08.01
|
06.53
|
STOCK SUMMARY
Dollar Tree Inc is overall in bullish trend and is sustaining at higher levels on chart. Traders can buy the stock below the level of 71.00 which is a near term resistance level for the stock and if it manages to breach this level further bullish movement is expected in this stock to test the levels of $73.50.
CHART FORMATION
Stock is in bullish trend for near term and price is sustaining above the trend line after breakout on daily chart. Near term breach of resistance level of $71 is expected which would trigger further bullish sentiment in the stock to test the levels of $47.50.
INDICATORS
RSI is trading with positive bias and is sustaining above the level of 30.
In MACD signal line is sustaining above MACD line which is indicating bearish sentiment in the stock.
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