Technical trade #2: Family Dollar Stores (FDO)


family dollar technical analysisFamily 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.

family dollar stores

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

Symbol Lookup
IndexesChangePrice
DJIA+6.5112,890.46
NASDAQ+11.372,927.23
S&P 500+1.991,351.95

Last updated: February 10, 2012: 05:59 AM

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