This Day On The Street
Continue to site
ADVERTISEMENT
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

Discount Retailers Holding Up Despite Weak Consumer Confidence

Value Level: Price at which to enter a GTC limit order to buy on weakness. The letters mean; W-weekly, M-monthly, Q-quarterly, S-semiannual and A-annual.

Pivot: A level between a value level and risky level that should be a magnet during the time frame noted.

Risky Level: Price at which to enter a GTC limit order to sell on strength.

Big Lots (BIG) ($36.88 vs. $37.09 on Sept. 30) is down 0.6% since my Oct. 1 post and stayed above its 200-day SMA at $35.29 on Friday. My quarterly pivot is $36.41 with a monthly risky level at $37.51.

Costco (COST) ($123.02 vs. $115.17 on Sept. 30) is up a solid 6.8% since my Oct. 1 post and set a new multi-year high at $124.74 on Thursday. My weekly value level is $119.25 with a quarterly pivot at $121.21 and monthly risky level at $124.31, which was tested at the high.

Dollar General (DG) ($58.01 vs. $56.46 on Sept. 30) is up 2.7% since my Oct. 1 post, and moved back above its 50-day SMA at $57.69 on Monday. The multi-year high was set at $59.87 on Oct. 25. My semiannual value level is $56.50 with a semiannual pivot at $56.97 and monthly risky level at $59.07.

Dollar Tree (DLTR) ($59.06 vs. $57.16 on Sept. 30) is up 3.3% since my Oct. 1 post and is above its 50-day SMA at $57.51 after setting a new multi-year high at $60.19 on Oct. 22. My semiannual value level is $52.56 with a monthly risky level at $60.41.

Family Dollar (FDO) ($68.54 vs. $72.02 on Sept. 30) is the biggest loser down 4.8% since my Oct. 1 post. The stock has been below its 50-day SMA at $70.88 since Oct. 7 but is above its 200-day SMA at $64.93. My annual value level is $49.09 with a weekly pivot at $68.32 and semiannual risky level at $73.03, which failed to hold after the stock set a multi-year high at $75.29 on Sept. 19.

Ross Stores (ROST) ($78.50 vs. $72.80 on Sept. 30) is up a solid 7.8% since my Oct. 1 post and set a new multi-year high at $79.06 on Nov. 5. My annual value level is $54.56 with a semiannual pivot at $79.86 and semiannual risky level at $82.91.

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr 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

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
TGT $78.97 0.00%
WMT $78.13 0.00%
AAPL $125.80 0.00%
FB $77.56 0.00%
GOOG $530.80 0.00%

Markets

DOW 17,928.20 -142.20 -0.79%
S&P 500 2,089.46 -25.03 -1.18%
NASDAQ 4,939.3270 -77.6020 -1.55%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs