One Stock Immune to the Selloff
10/10/2011 11:20 am EST
Dollar Tree (DLTR) continues to surge higher while the rest of the market falters, and a low-risk long entry is now apparent for the popular retailer.
Shares of Dollar Tree Inc. (DLTR) have not participated in the two-month selloff in the US stock market.
DLTR instead rallied to new closing highs on September 26 at $77.48, and during the general market decline, which has in some cases reached bear market territory, DLTR has risen some 20%.
If you are looking for strong stocks to trade during this market weakness—which may not yet be over—DLTR is a rising stock with higher highs in its future.
A long position using a tight sell stop just below the Tuesday, October 4 lows of $72.30 offers a very low-risk trade.
By Frank Kollar of FibTimer.com