Dollar Tree stock rises despite mixed earnings report

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Dollar Tree (DLTR.US) stock jumped nearly 5% despite the fact that the company posted mixed quarterly earnings. The discount retailer earned $2.13 per share, compared to analysts' expectations $2.11. Revenue, however, missed expectations. The company reported sales of $6.77 billion, slightly below market forecasts of the $6.79 billion. Comparable-store sales rose 4.9%, short of the 5.5% consensus estimate.

Dollar Tree (DLTR.US) stock launched today's session lower, however buyers managed to quickly erase losses and price moved sharply higher. Currently stock is testing the earlier broken upward trendline. In case buyers manage to break above it, the next resistance level to watch can be found at $106.11. Area at $100.09 remains the nearest support to watch. Source: xStation5

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