Goldman Sachs double downgraded Dollar Tree (DLTR) to sell from buy. Ben Watson examines the downward candles on the discount retailer's stock. On the short-term 5-day chart, he displays a shift lower in the company's MACD momentum study and indicates a range between $101.50 and $109.50. Zooming out, he shows a cup and handle pattern getting tested on a 1-year chart. Ben also highlights the stock's 50-day moving average hovering around the $97 level.

======== Schwab Network ========

Empowering every investor and trader, every market day.

Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe

Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185

Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7

Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch

Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore

Watch on DistroTV - https://www.distro.tv/live/schwab-network/

Follow us on X – / schwabnetwork

Follow us on Facebook – / schwabnetwork

Follow us on LinkedIn - / schwab-network

About Schwab Network - https://schwabnetwork.com/about