Overbought Readings Warn of DG Pullback at $137.84
BearishDollar General Corp (DG) closed up 1.77% at $137.84 on December 29.
Technical indicators paint a mixed picture:
Moving Averages
Price trades above the 9-day EMA ($134.73) with a bullish stack. The 21-day EMA at $127.61 provides support.
Momentum
RSI at 78.7 is in overbought territory, suggesting potential near-term exhaustion. MACD is bearish (7.78 vs signal 7.79).
While the trend remains bullish, elevated RSI warrants caution for new entries at current levels.