Dollar Tree is showing strong bullish momentum, with a gap forming around the $63.00 level. A breakout above the $84.26 resistance would signal continued strength, positioning the stock to target the $102.77 weekly resistance. This setup offers a compelling risk-to-reward ratio, with a stop-loss at $59.59 to manage downside risk.
From a long-term perspective, DLTR presents an attractive long term portfolio opportunity as it revisits price levels not seen since the lows of 2015 and 2020. The company remains a leader in the discount retail space, which continues to thrive during periods of economic uncertainty. Its consistent revenue growth, ability to expand store formats, and focus on value-driven customers position it well for sustained upside.
This combination of technical momentum and strong market fundamentals supports a bullish case for DLTR, with $102.77 as a realistic target.
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