CHESS MOVES

I have been charting and mentioning the dollar stores as long setups for a few days now. And inside 12631 earlier, I went long Dollar General.

I only initiated a 1/2 starter position because the narrowing consolidation, highlighted by the light blue lines, below, has not yet broken out. However, I am like what I am seeing from the group and would be looking for rotation here.

I bought at $53.89 with a stop-loss below $51, though I would grow very concerned if the stock lost $52.

I will only look to build the position on further strength above $54.

Other names of interest in the sector: DLTR FDO.

M&A activity is also a possibility here.

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