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JimVanMeerten (62.22)

Dollar Thrift Auto - special situation

Recs

1

March 22, 2011 – Comments (0) | RELATED TICKERS: DTG.DL2

This morning my Barchart new high screener detected price movement on Dollar Thrift Automotive Group (DTG) so I added it as a short term holding in the Barchart Van Meerten New High portfolio.

Recently there have been several suitors looking to acquire this company.  In the past I've noticed price movement just like this and have taken advantage.  My advice is to buy and as soon as the bid is announced sell at about 98% of the bid.  Don't hang around for a better bid or disapproval of the stock holders

Technical Signals:

1 - 100% Barchart technical buy signal

2 - Trend Spotter (tm) buy signal

3 - 13 new highs and up 12.18% in the last month

4 - 5 new highs and up 7.69% in the last 5 trading session

5 - Relative Strength Index is 85.60% and rising

6 - Trades around 59.45 with a 50 day moving average of 51.71

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