Dollar General (DG) Breaking Triangle Support

By | May 29, 2014

Shares of Dollar General (DG) have come off over 14% from their January high, making a series of lower highs and lower lows in a declining triangle pattern. Today the stock is breaking through the lower end of the triangle and the 38% retracement level of the 2013 low and 2014 high. The indicators have rolled over again and the next level of technical support is the 50% retracement level.

29. DGRVT chart

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