Dollar General Corporation (DG) extended its strong gains in its latest intraday trading, supported by positive signals from the relative strength indicators, even as they remain in extremely overbought territory. The stocks recent movement also succeeded in overcoming the negative pressure from its previous 50-day simple moving average, offering a strong indication that the short-term corrective downtrend dominating its price action has come to an end.

Therefore, we expect the stock to rise in the upcoming sessions, but confirmation requires a break above the important resistance level of $106.00. A successful breakout would signal further upward momentum toward the pivotal resistance at $117.95.

Todays price forecast: Bullish.