Dollar General Corporation (DG) provides various merchandise products in the southern, southwestern, Midwestern, and eastern United States.
The company offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food comprising cereals, canned soups and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.
Its consumable products also comprise snacks, which include candies, cookies, crackers, salty snacks, and carbonated beverages; health and beauty products, including over-the-counter medicines and personal care products, such as soaps, body washes, shampoos, and dental hygiene and foot care products; pet supplies and pet food; and tobacco products.
In addition, the company offers seasonal products comprising decorations, toys, batteries, small electronics, greeting cards, stationery, prepaid phones and accessories, gardening supplies, hardware, and automotive and home office supplies; and home products that include kitchen supplies, cookware, small appliances, light bulbs, storage containers, frames, candles, craft supplies and kitchen, and bed and bath soft goods.
Further, it provides apparel, which comprises casual everyday apparel for infants, toddlers, girls, boys, women, and men, as well as socks, underwear, disposable diapers, shoes, and accessories. As of July 24, 2018 Dollar General Corporation operated 15,000 stores in 44 states.
Shares have formed a bulish "cup and handle" and are expected to move higher out of this formation. The 50-day moving average is acting as a support for the formation.
Entry Point: $110.35
Stop Loss: $104.00
Trading Range: $79.79 - $112.59
Target Price: $121.40
DG closed at $113.55