Posted Sep 5th 2009 1:00PM by Sam Collins
Filed under: Family Dollar Stores (FDO), Technical Analysis, Stocks to Buy
Family Dollar Stores Inc. (NYSE: FDO) operates a chain of discount retail stores. As one of the great "dollar stores," it often leads the retail group.
The chart is loaded with bullish technical signals, including a gold cross, a new buy signal from the stochastic, and a build up of buying volume.
All that it needs to complete the picture is a breakout from the triangle. To do that it must close above $33 on high volume. The target is $42.
Next: Technical Trade #3
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