Dollar General Corp. (DG) is making new highs for the move up today. It's strength is really impressive so let's check out the charts and indicators for some new upside parameters.
In the daily bar chart of DG, below, we can see that prices quickly retraced the declines of March and have pushed up above the highs of October and February.
This new high ground is confirmed by the new high from the On-Balance-Volume (OBV) line which tells us that buyers of DG have been more aggressive. Prices are above the rising 50-day moving average line and the rising 200-day moving average line.
The Moving Average Convergence Divergence (MACD) oscillator has moved well above the zero line in an outright go long signal.