Dollar Tree, Inc. (DLTR) stock price recorded extended gains in its latest intraday trading, amid continued dynamic support represented by trading above its 50-day SMA, which reinforces the stability and dominance of the main short-term bullish trend, especially as price moves alongside a minor upward trendline supporting this path. In addition, the Stochastic indicator continues to show positive signals despite reaching extremely overbought levels.
Therefore we expect the stock price to rise during its upcoming trading sessions, as long as support at $126.75 remains intact, targeting the nearby key resistance level at $142.40 in preparation for a potential test.
Todays price forecast: Bullish