It took most of the day but Family Dollar Stores (FDO, $32.10, up $0.82) traded down low enough for us to our get our entry price for the April 32.50 calls (FDODZ, $1.45, up $0.25). These calls opened at $1.35 and traded to a high of $1.60 earlier this morning.
Family Dollar Stores Hits Entry Price
Family Dollar Stores Could Surprise
Family Dollar Stores (FDO, $31.28, down $0.65) has been in a strong uptrend lately after breaking out above its 20, 50, and 100-day moving averages. After building a solid base in the mid to upper $20’s, the stock broke through $30 earlier this month and has held this level since.