Dollar General (DG) a recession stock is Trending Up
DG had a swing low in mid-March. While it has retraced well, it is still 15% below the YTD high
On the 2H chart, the retracement uptrend is accompanied by a persistent volume of about 2X
that of March and before. I am supposing that with an early or light recession underway, value
sensitive consumers are delivering DG more revenue from its retail operations and will continue
to do so. The zero-lag MACD is showing a buy signal; I will take a long position and watch
for signs of overextension or loss of directional strength as an exit in due time.
On the 2H chart, the retracement uptrend is accompanied by a persistent volume of about 2X
that of March and before. I am supposing that with an early or light recession underway, value
sensitive consumers are delivering DG more revenue from its retail operations and will continue
to do so. The zero-lag MACD is showing a buy signal; I will take a long position and watch
for signs of overextension or loss of directional strength as an exit in due time.
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