Don't Ignore This Chart!

Dollar General Set to Appear on Bearish Engulfing Scan


With a strong open and decline into the close, Dollar General (DG) is set form a bearish engulfing pattern with a long upper shadow. This is the third such pattern in the last two months. Watch the trendline extending up from the March low for a break to confirm this pattern.

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Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
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