DLTR trade ideas
DLTR Watch for a buyHigh watch 200 weekly ma has only really went below that twice since 2009 at 90.50. I believe they will take it lower but that is just my opinion 86-90.50 is my buy watch zone.
Dollar Tree- Could it pop?Very Oversold after earnings. $10+ gap to fill. Around $89.68ish could complete a double bottom. Watching this. Could lead to possible gap fill giving us a possible $20 move to fill in entirety. Personally have an alert set at 90.50 to keep me in here.
Short term: Possibly a little further down next few days.
Medium term: Going for gap fill. Gap support ~$6 move. Top of wick ~$10. Gap fill ~$20.
Purely speculation, Not advice. 1 hr tf and lower MACD looking to go up 4 hr and daily MACD red. All oversold on RSI.
DLTR Long - Major Overreaction Sell-offDLTR fundamentals are good and a lot hinges on China news. Expecting a bounce back up 7% shortly after the major 15% downturn yesterday.
$DLTR Plummets to Test Major Band of SupportDLTR
Shares of the stock dropped hard on Tuesday after company noted cost pressures driven by Chinese tariffs. Stock is testing band of support that has defined the DLTR chart going back 14 months.
Dollar Tree, Inc. (NASDAQ:DLTR) just reported Q3 EPS of $1.08 vs. the $1.13 consensus and revenue of $5.75 bln compared to the $5.74 bln estimate. The company has now missed analysts' EPS expectations in back-to-back quarters. A big driver for this underperformance is tariffs on Chinese imports, which impact about 40% of the company’s product margins.
For Q4, the company guided for EPS of $1.70-1.80 vs. the $2.03 consensus. This Q3 miss and weak guidance caused DLTR to cut its FY20 EPS guidance to $4.66-4.76 from $4.90-5.11, below the $5.11 consensus.
The company anticipates that tariffs will increase cost of goods by $19 mln in Q4, with most of the impact resulting from upcoming List 4 tariffs.
The stock was pounded in Tuesday’s action as a result.
Dollar Tree, Inc. (NASDAQ:DLTR) frames itself as a company that operates discount variety retail stores. It operates through two segments, Dollar Tree and Family Dollar.
Read More at: dailytrendingstocks.com
Wall Street Surprised by Dollar Tree NewsOn Tuesday, the news thundered, which surprised everyone, who has at least something to do with Wall Street. Dollar Tree stocks are falling.
At the moment, shares have fallen by 13%, which is an unprecedented loss for the company. Forecasts for the near future are the most disappointing. Nevertheless, the level of the falling is kept at the indicated level, which gives hope for an improvement of the situation, but will this hope be justified?
Today you can buy a share of this company for $1.08, which is a very low price. It was expected that in the same period, the value of the share will be at least $1.13. But the forecast wasn’t destined to come true.
An interesting fact is that both company networks (Dollar Tree and Family Dollar) increased sales by as much as 2%. But despite the joyful indicator, the situation is not so unambiguous, because in Family Dollar the margin fell. The products of these networks have some differences. For example, Family Dollar also sells goods at lower prices, which accounts for a significant share of the presented products. But be that as it may, the total net income decreased by 1.7% year on year, which makes us think.
Despite the fact that Dollar Trey isn’t so lucky this period, the revenue amounted to approximately $5.74 billion. At the same time, the expected revenue at better indicators should have amounted to $5.75 billion, which in fact isn’t such a big difference.
Recently, distribution costs have increased. Following the direct, obvious logic, we can understand that it was the increase in transportation prices that caused an increase in prices for goods. For the same reason, sales of goods that have lower margins have increased in order to patch up financial holes in other areas.
There have also been personnel shifts. The staff has been reduced, which isn’t a good sign. The company is forced to take drastic measures to stay in difficult times. However, in order to minimize financial losses and quickly return to the previous level, the company has everything that is needed.
But if we look at the Dollar Tree and its successes over the past year, then we will see that the company is developing quite rapidly. This year its shares rose 24%. There is a pretty good result. But how did they do it? The secret is very simple.
Dollar Tree investors supported all sorts of aggressive steps by the company, in order to maintain and increase the profit of the Family Dollar. Surprisingly, the aggressive strategy worked more than successfully, thanks to which we can observe tremendous growth in the company's shares. Some shops had to be closed, and some were rebranded, which benefited them. How did it happen? It attracted new customers and formed a new circle of interests that led to an increase in profits.
At the end of this quartile, the company has more than 7.800 locations. This number does not allow full rebranding, but the process is already running. The first steps definitely brought excellent results, so the company further plans to adhere to this strategy, hoping for improvements in its own position. And the company has every chance to achieve its goal, despite the recent fall in stocks, which was also caused by the aggressive policy of the company.
Surprisingly, the same strategy, under different circumstances, can lead to different results. It’s important to remember this when working on your own strategy. Nevertheless, it’s very difficult to predict the exact outcome in the modern market with its wars, because sometimes the income depends on factors that can hardly be predicted, so every businessman needs to be extremely vigilant. But all of us know that sometimes it’s impossible.
A quarterly forecast from the company has recently been released. This forecast can be called very optimistic because an increase in the value of the share is expected from $1.70 to $1.80. And yet, Wall Street had expected stock prices to be significantly higher. According to their forecasts, the share price should be $2.02. As it turns out, it will become known very soon, and therefore you just need to be patient and wait for the opportunity, because the current situation was very ambiguous, which means it is too early to draw conclusions.
And yet, in the fourth quarter of this year, an increase in the value of goods sold by $19 million is expected, which equals $0.06 per share.
And yet the main event happened today at 8:46 a.m. at the premarket. It was at this moment that the shares of the company fell by 13%.
Will the company continue to pursue the aggression strategy and will it help overcome difficulties? Will it continue to fall, and can one find profit in this fall? It’ll become obvious for most businessmen very soon. But while all this is only in the process, the most astute take risks and win, while others read about how others have achieved success.
BUY DLTR It fell during earnings looks like its recovering slowly look for a 3-month option trade
Aggressive = $96
Conservative = $115
Dollar tree finds buyersDespite the massive sell off on the open, the Fibonacci Golden Pocket has supported the stock.
Poor guidance due to trade war uncertainty was the cause of the selling but that could change very quickly.
Previous such selloff have been great buying opportunities, could be a good time to start laddering in longs.
DLTR Turns at ResistanceDLTR was unable to break out above a high resistance level. The stock bounced at a short-term topping completion support level.
DLTR - DAILY CHARTHi, today we are going to talk about the Dollar Tree and its current landscape.
Yesterday, the Food and Drug Administration (FDA) that held its committee meeting today for a series of deliberations, among them the FDA issued to the Dollar Tree a warning about the company has sold potentially unsafe drugs in its stores. These drugs had origin on certain manufactures that were warned by the FDA last year over multiples violations. Dollar Tree will disclosure its earnings on Nov. 26 and can disclosure the possibles impacts of FDA warning on its next quarter guidance.
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Hi, today we are going to talk about the Walmart and its current landscape.
DLTR - DAILY CHARTHi, today we are going to talk about the Dollar Tree and its current landscape.
Yesterday, the Food and Drug Administration (FDA) that held its committee meeting today for a series of deliberations, among them the FDA issued to the Dollar Tree a warning about the company has sold potentially unsafe drugs in its stores. These drugs had origin on certain manufactures that were warned by the FDA last year over multiples violations. Dollar Tree will disclosure its earnings on Nov. 26 and can disclosure the possibles impacts of FDA warning on its next quarter guidance.
Thank you for reading and leave your comments if you like.
To have access to our exclusive contents, join the Traders Heaven today! Link Below.
Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should be used or take it as financial advice.
If chart pattern repeat it will pull back moreExpanding wedge to lower frame. A little bit bouncy on around SMA50. But it will more pullback IMO
DLTR Pullback Put Spread1.73 cost, exp Nov 8th,
113/108 put spread, It may pull back to 50 EMA. We'll see.
Max gain is $3.04 once spread is sold. That is my target. DLTR is a good strong stock and it may move higher at any point. Max loss is $125 Max profit is $130
DLTR Call SpreadDLTR looks like its breaking out, there will be some pull back but lets see if it can break 115
$2.04 Call Spread, EXP OCT 25
Max gain is $1.48/$3.52 Max loss is $150
Max loss can only be taken on the week of October 14-18 if there is no chance of victory.
Dollar Tree Bullish in any economy.===Entry level $116 - Profile level $128 ====
Rsi Bullish with room to run higher
MACD and Histogram both very bullish
Volume is a concern
Alert set for breakout above ascending triangle.
Company profile
Dollar Tree, Inc. owns and operates discount variety stores offering merchandise at the fixed prices. It operates through Dollar Tree and Family Dollar segments. The company offers selection of everyday basic products and its supplement these basic, everyday items with seasonal, closeout and promotional merchandise. The merchandise mix consists of three types: Consumable, Variety categories and Seasonal merchandise. The Consumable merchandise includes candy and food, health and beauty care, and household consumables such as paper, plastics and household chemicals and in select stores, frozen and refrigerated food. The Variety categories merchandise includes toys, durable house wares, gifts, party goods, greeting cards, soft lines and other items. The Seasonal goods include Easter, Halloween and Christmas merchandise. Dollar Tree was founded by J. Douglas Perry and Macon F. Brock, Jr. in 1986 and is headquartered in Chesapeake, VA.
