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Byline: David Saito-Chung
Family Dollar Stores has built what appears to be a triple-bottom base, marking lows in mid-August, October and early March. The stock has spent the past three weeks in the upper half of the base.
The retailer operates 4,769 stores selling daily necessities, food and gifts at deeply discounted prices. The stores target low and middle income communities across 42 states. March same-store sales rose 3.5%, though Easter was in April this year and in March last year. It also opened 32 stores during the five-week period ended April 5.
With annual sales of more than $4 billion, the best way to ...