DKS - Trend Reversion

NYSE:DKS   Dick's Sporting Goods Inc
DKS has an earnings breakout gap that has been filled. Still strong G/G trend.

Options are expensive ($10/contract), so I set trade up as a stock buy. Looking for a profit target just below volume resistance and near 50% retracement.

Trade Theme Trend Reversion

Sector/Stock DKS

Trend G/G
Propulsion 34ema
Vscore Yes
Vprofile No
Darvas Yes
Darvas 3.0 Yes

Entry 139.3 Minor Low Breakout. Look for improvement on breakout pullback.
Profit/Breakeven 143.8 50% Fib retracement and Volume resistance.
Stop Loss 133.75

Big drop today. DKS will need another consolidation candle and overbought condition (Slow Stochastic/RAF) for entry.

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