Chart of the Day - Family Dollar Stores (FDO)

The "Chart of the Day" is Family Dollar Stores (FDO), which showed up on Wednesday's Barchart "All-Time High" list. Family Dollar Stores on Wednesday posted a new all-time high of $71.07 and closed up 0.95%. TrendSpotter just turned long again on Wednesday's close at $70.08. In recent news on the stock, Family Dollar Stores announced on June 4 that it reached an agreement to place Redbox movie/game rental machines in its stores. Northcoast on June 4 upgraded Family Dollar Stores to Buy from Neutral with a target of $81 on expectations that the company's operating results will improve with the rollout of tobacco products, increased breadth of merchandise, and ongoing optimization. Family Dollar Stores, with a market cap of $8 billion, is a discount store chain in the United States that provides consumers with good-value, low-cost, basic merchandise for family and home needs.