This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

5 Big Names to Trade for Earnings Season

Stocks in this article: DLTRLVSPGWPPGYZMH

Dollar Tree

We're seeing the exact same setup in shares of Dollar Tree ( DLTR) right now. Like Sands, Dollar Tree has nearly doubled the S&P 500's rally since the calendar flipped over to 2013 -- and now it's pointing to a move to even higher ground thanks to an ascending triangle pattern.

>>4 Turnaround Stocks With Major Upside

For DLTR, the resistance level to watch is $48.50. Once shares push up through that resistance level, traders have a buy signal in this discount retail stock. With shares edging extremely close to that $48.50 breakout level today, that buy signal could come very quickly. If you're thinking about building a position in this stock, I'd recommend keeping a close eye on DLTR in today's session.

Momentum adds some extra confirmation to the price action in DLTR here: 14-day RSI has maintained a stable uptrend since all the way back in November. Since momentum is a leading indicator of price, that bodes very well for DLTR this week. Still, it's crucial to actually wait for $48.50 to get taken out before you put your money on the line. Until then, this isn't a high-probability trade.

3 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,506.09 +106.42 0.65%
S&P 500 1,927.67 +23.66 1.24%
NASDAQ 4,385.4450 +69.3710 1.61%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs