Todays upgrade from Goldman Sachs with a $45 price target should be respected, as we see that as the maximum target before noteable retrace. The Fibonacci channel has been a good guide so far and the indicators are also overstretched and in need of a reset. Short interest very high at 30.41% and will not be willing to through in the towel quite yet. P/E ratio 11.98
Company profile Dick's Sporting Goods, Inc. engages in the retail of extensive assortment of authentic sports equipment, apparel, footwear, and accessories through a blend of associates, in-store services, and unique specialty shop-in-shops. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.