Long Position on DLTR @ $68.70 on 12/18/2014 (Momentum)

Dollar Tree, Inc. (DLTR) operates discount variety stores in the United States and Canada.

Its stores offer merchandise at the fixed price of $1.00. The company’s stores provide consumable merchandise, which includes candy and food, and health and beauty care products; and everyday consumables, such as paper and chemicals, and frozen and refrigerated food.

Its stores also offer various merchandise that include toys, durable housewares, gifts, party goods, greeting cards, softlines, and other items; and seasonal goods consisting of Valentine's Day, Easter, Halloween, and Christmas merchandise.

The company operates its stores under the names of Dollar Tree, Deal$, Dollar Tree Deal$, Dollar Tree Canada, Dollar Giant, and Dollar Bills. 

The Company is in the process of purchasing its rival, Family Dollar (FDO). FDO shareholders will vote Dec. 23 on whether to accept a $74.50-a-share takeover offer from Dollar Tree Inc. or hold out for a less certain but richer $80-a-share bid from rival Dollar General Corp. 

DLTR shares have formed a bullish "cup & handle" and higher share prices are expected for this stock.

52-Week Trading Range: $49.59 - $69.65

Entry Point: $68.70

Stop Loss: $65.25

Target Price: $75.57

Updates

1/22/2015 3:20:11 PM

Closing DLTR at $70.50 after its 30 days expired.

Position closed on 1/22/2015 at price of $70.50 with a 2.62% gain in 35 days.

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