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Dollar General Just Became a Great Buy

DG is in a powerful advance despite the declining market

Dollar General (NYSE:DG) — This leadingU.S. discount retailer has defensive qualities that should help it weather a weak economy. With low operating margins and strong cash flow, earnings are expected to top $2.30 in 2012, up from $1.82 in 2011.

This stock was included in our 6 Top Stocks to Buy for October, but was recommended on a pullback to $34. But yesterday’s powerful advance in the face of a strong market decline changes our recommendation to a strong buy at the market. Note the sudden turn up by the stochastic. The trading target is increased to $44.

Trade of the Day – Dollar General (NYSE:DG)

Trade of the Day Chart Key

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Article printed from InvestorPlace Media, https://investorplace.com/2011/09/trade-of-the-day-dollar-general-nyse-dg/.

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