Time to buy the Dollar Tree (DLTR Stock)? [Video]
![Time to buy the Dollar Tree (DLTR Stock)? [Video]](https://editorial.fxstreet.com/images/TechnicalAnalysis/ChartPatterns/Chartism/stock-market-chart-79297425_XtraLarge.jpg)
Dollar Tree is an American chain of discount variety stores, selling merchandise for $1 or less. It was founded in 1986 and is headquartered in Chesapeake, Virginia. Dollar Tree operates over 15,000 stores in 48 U.S. states and 5 Canadian provinces. It sells a wide range of products including household items, food and snacks, health and beauty aids, toys, gifts, party supplies, books, and seasonal items.
In a recession discount stores can tend to do well as consumers leave more expensive retailers and come searching for bargains at cheaper stores. While the debate continues about if/when the US will head into a recession will stocks like Dollar Tree find dip buyers?
Historically the stock tends to gain over this period of time with an 80% win percentage between February 9 and March 29 over the last 15 years. So, does this mean that Dollar Tree will gain again this year?
Major trade risks: The major trade risk here is that the seasonal pattern does not repeat itself again this year.
Author
Giles Coghlan LLB, Lth, MA
Financial Source
Giles is the chief market analyst for Financial Source. His goal is to help you find simple, high-conviction fundamental trade opportunities. He has regular media presentations being featured in National and International Press.
