Dollar General (DG) is showing signs of life. After dropping from about $260 to $210.46, the stock is starting to pivot from oversold extensions on RSI, MACD, and Williams’ %R. From its current price, we’d like to see DG initially refill its bearish gap around $225, and eventually retest $239. Helping, director Timothy McGuire bought 3,550 shares for $717,100 in late March. Helping even more, Deutsche Bank recently raised its price target on DG to $249 from $248, with a buy rating. The company also recently raised its dividend to 59 cents a share, which is payable around April 25 to shareholders of record as of April 11.
Dollar General (DG)
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