0IC7 trade ideas
$DG:NYSE - DOLLAR GENERAL - Recovering after pullback?Dollar General is a stock that will probably continue to benefit from any significant downturn in the market and general consumer confidence. It's not too far out from earnings but it does seem to dip into the run into them and bounce out, so buyer beware, but might be one to watch. I'd probably want to see another day of increased pricing and move above its 50 day MA before I would look for an entry. Alert set.
Dollar General Corporation is a discount retailer. The Company offers a selection of merchandise, including consumables, seasonal, home products and apparel. The Company's consumables category includes paper and cleaning products (such as paper towels, bath tissue, and other home cleaning supplies); packaged food (such as cereals, spices, sugar and flour); perishables (such as milk, beer and wine); snacks (such as candy, cookies, and carbonated beverages); health and beauty (such as over-the-counter medicines and personal care products); pet (pet supplies and pet food), and tobacco products. Its seasonal products include decorations, toys, batteries, stationery, prepaid phones and accessories, and home office supplies. Its home products include cookware, craft supplies and kitchen, and bed and bath soft goods. Its apparel products include casual everyday apparel for infants, toddlers, girls, boys, women and men, as well as socks, underwear, disposable diapers, shoes and accessories.
"OCT19 WK3" Fresh S.C. Signals will be up this wkend"OCT19 WK3" Fresh S.C. Signals for discussion will be up during this wkend
Past Week's Signals are up already. signalclub.io/expiredsignals
Dollar General still a buyDollar General has outperformed the market considerably in 2019, maybe that is due to the potential for a recession on the near term horizon, DG could be considered a recession proof stock.
Technically the chart is bullish and looks like future upside potential = RSI up-trending | Stochastic bullish reversal | MA support strong
Average analysts price target $167
Average analysts recommendation Overweight
P/E ratio 25
Yield
Short interest 1.28
Company profile
Dollar General Corp. engages in retailing of merchandise, including consumables, seasonal, home products and apparel. Its brands include Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg's, General Mills, and PepsiCo. The company was founded by J. L. Turner and Hurley Calister Turner Sr. in 1939 and is headquartered in Goodlettsville, TN.
Long Dollar General $159 price target Dollar General has the ability to grow and thrive as well as increase its EPS, today's numbers are a massive boost to investors and will likely attract great interest. Not alone have the beat on earnings but also quided up for the remainder of 2019.
EPS $1.74 v expected $1.57, huge beat.
Company profile
Dollar General Corp. engages in retailing of merchandise, including consumables, seasonal, home products and apparel. Its brands include Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg's, General Mills, and PepsiCo. The company was founded by J. L. Turner and Hurley Calister Turner Sr. in 1939 and is headquartered in Goodlettsville, TN.
DG Good time to sell and buy back later or short?Looking at Dollar General, depending on your position it might be a good time to sell and buy back in at lower prices to maximize your gains or if you have taken a short position the recent candles closing below the trend line along with dropping below the 20 MA which has acted as support and resistance should confirm your positions. RSI will probably warm up with small bounces that aren't worth trading from the looks of it in the short term, in terms of being hard to time. When long term charts are showing Neutral RSI, short term RSI can get extremely extended depending on the time frame so as always zoom out, keep your stops tight and protect your capital. Hope everyone has great week, and with these markets there's enough money for the bulls and the bears if you play your trades accordingly.
This thing has run hard for a while, and needs a correction so this could be a healthy thing in terms of long term investment even though it seems overextended to me, for shorter trades it is a chance to maximize profits.
Be careful with DG in the upcoming weeks.DG likes to make significant highs in July in the log scale weekly chart and correct itself significantly. A swing trade idea would be to look for a top near end of July.
DG: To the Moon!Well, clearly DG never got the message that last week's rally was beginning to lose steam. They're taking off in a rocket to the moon. I usually write up very detailed technical analysis, but I can only say that this rocket is launching because every indicator says buy more and more and more (except RSI because that indicator has acrophobia).
$DG $$ STORES THRIVE IN DIFFICULT TIMES. BUT CHINA HIT MARGINS******MARGINS MARGINS MARGINS MARGINS, just how much has the trade war hit NYSE:DG margins? That is what we will find out in tomorrow's earnings and just how well the supply chain has been changed to counteract tariffs. As you would expect margins are extremely tight in this sector of retail, a negative figure may be forgiven. From a technical perspective the stock price is at a pivotal point between uptrend and downtrend support and resistance, we are biased towards a upward move on earnings despite market sentiment.
$DG Bearish RSI Divergence$DG showing a long trend of RSI divergence. Expect this to fall soon. Maybe have one more small push up to $125-$130 before heading back down.
Long DGI played a put position overnight due to bad market condition knowledge from Dollar tree earning last week.
However, i liked that DG earning call mention share buy back and increased dividend
This will probably make dg a buying opp today.
Looking to catch the bounce at $110.80 with a stop loss at $109 and take profit at 116ish.
perfect bearish sharkI hate gambling on earnings (in 2 days) but with how much the algos have respected the pattern's PRZ in the past month and money flowing out there's something going on here... Gonna roll w/ Apr 110 puts (pretty cheap) here and see what happens.
Megaphone topPlanning to make my $ back on this joke... Might still keep going up to complete this requisite cup n' handle pattern and breakout to upper TL like it did in november.
DG stock is highly correlated with bonds DG's relative performance vs SPY is highly correlated with TLT on a weekly basis. Recent breakdown in correlation gives a good trading opportunity
Either DG is mispriced vs SPY or TLT is very cheap
DG going down to median lineJust broke down from its rising channel. Divergence seen on Acc/RSI/MFI (tho not a real double top, but close enough) Not many stocks these days where you can see distribution on the daily TF so I think it means something...
CALL Entry For Weekly OptionEMA crossover
RSI indication
MACD crossover
Break of previous Peak/Valley
Huge H&S Watching for rejection from either lower trendline of previous rising wedge or top of current downward channel... Neckline indicates a PT of gap fill around $89. A breakout above $112 (left shoulder) invalidates the trade for me.
DG - Day trade setup Is this gets below my enter line you can trade this to the 200 MA on the daily chart. You can use put options for people low smaller accounts. don't get in early way for the break down.
DG retracementAlthough this is a retracement trade, price recently made a break from consolidation and is now testing trendline support and of course 50EMA.
A bullish divergence has also formed on Stochastic.
SSB: Follow entry guide as per usual.
$DG Bearish Rising Wedge on Declining Volume$DG Dollar General - Bearish Rising Wedge on Declining Volume.
See chart for two possible near term targets.
Note: Informational analysis, not investment advice.
