Dollar Tree Inc (NASDAQ:DLTR) stock is up 1.2% to trade at $130.94 at last check. Though the shares are up 39.7% in just the last three months, the $130 region appears to be emerging as pressure. The stock is also entering a historically bearish month, which could mean its time for a breather.
Per Senior Quantitative Analyst Rocky White, DLTR is one of the 25 worst-performing stocks on the S&P 500 Index (SPX) in August over the last 10 years. Per the table below, the stock averaged an 8.3% loss in August over the last decade, with an 80% monthly loss rate, making it the third-worst performance on the list.
A move lower of similar magnitude would have the shares trading at $120.07, a level of familiar support and around the stock's year-to-date breakeven level.
