Dollar Tree Trading Above 50-Day SMA: Is the Stock Worth Buying?

Dollar Tree, Inc. (DLTR) is trading above its 50-day simple moving average (SMA), signaling a bullish trend. The company is gaining from sales growth across segments, higher traffic trends and market share gains.The 50-day SMA is a key indicator for traders and analysts to identify support and resistance levels. It is considered particularly important as it is the first marker of a stock’s uptrend or downtrend.DLTR Stock Trading Above 50 Day Moving AverageImage Source: Zacks Investment ResearchDLTR has show ...