Potential key reversal bottom detected for DKSAwait signals for entry such as DMI/ADX and/or RSI (preferably both) swing to the bullish direction following a pullback after the upswing following the initial major move on 25th/26th August.
Stop loss for the trade involving NYSE:DKS (and indication that this trade is an absolute 'no-go') is any trade below the low of the signal day of 26th August (i.e.: any trade below $120.40).
DKS
DICK’S Sporting Goods: Engineering the Retail BreakoutMacroeconomic Resilience and Consumer Trends
DICK’S Sporting Goods (DKS) currently signals a major technical breakout. The retailer defies broader industry stagnation through aggressive experiential pivots. Inflation pressures often dampen discretionary spending. However, the health and wellness sector remains remarkably resilient. Consumers prioritize fitness equipment and athletic apparel even during economic shifts. DKS leverages this psychological shift to maintain pricing power. The compan
Dick’s Sporting Goods Set to Report Q2 Earnings Results TodayAs Dick’s Sporting Goods (NYSE: NYSE:DKS ) prepares to announce its second-quarter fiscal 2024 earnings on September 4, all eyes are on the specialty retail giant. Investors and analysts alike are eager to see if the company can continue its impressive performance from the previous quarters, particularly given the robust growth expectations and the broader positive sentiment within the sector. Here's a detailed look at both the fundamental and technical aspects of DKS ahead of its earnings rele
DKS DICK'S Sporting Goods Options Ahead of EarningsAnalyzing the options chain and the chart patterns of DKS DICK'S Sporting Goods prior to the earnings report this week,
I would consider purchasing the 240usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $24.35.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Footlocker ( FL) has been resting from a fall and waiting LONG
www.msn.com [/url ]
FL is here on a 30 -minute chart. It fell badly after good earnings 3 weeks ago and has been
resting in a narrow range for about half of that. A volatility squeeze released and some price
action with corresponding increase in relative volume resulted. FL has about 50% upside to
the price level before the last earnings. i am expecting a trade for 2-3 weeks realizing 50%
profit. The news catalyst cited in the link above of an upside of 25% in an upgrade has put
trad
FLong
Dick’s Sporting Goods Hits Record Sales Quarter, Raises DividendDick’s Sporting Goods ( NYSE:DKS ), the renowned athletic goods retailer, has delivered a stellar performance in its latest fiscal quarter, surpassing Wall Street's expectations and marking its largest sales quarter in history. As the company raises its dividend by 10% and projects another year of growth, investors are buoyed by the promising outlook and robust financial results.
The announcement sent Dick’s Sporting Goods ( NYSE:DKS ) shares soaring by over 13% in morning trading, reflecting t
DKS DICK'S Sporting Goods Options Ahead of EarningsAnalyzing the options chain and the chart patterns of DKS DICK'S Sporting Goods prior to the earnings report this week,
I would consider purchasing the 115usd strike price Puts with
an expiration date of 2023-12-15,
for a premium of approximately $5.40.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
DKS DICK'S Sporting Goods Options Ahead of EarningsAnalyzing the options chain and the chart patterns of DKS DICK'S Sporting Goods prior to the earnings report this week,
I would consider purchasing the 147usd strike price Calls with
an expiration date of 2023-8-25,
for a premium of approximately $4.95.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
DKS DICK'S Sporting Goods Options Ahead of EarningsLooking at the DKS DICK'S Sporting Goods options chain ahead of earnings , I would buy the $110 strike price Puts with
2024-1-19 expiration date for about
$10.40 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
Looking forward to read your opinion about it.
DKS showing downside to come to $103.03 with a warningRising Wedge (Bearish) has formed on Dicks Sporting Goods.
We have the price yet to break below the Wedge, which then the price will come down to the 1st target - $103.03
CONCERNS:
The 7>21 (Bullish).
RSI >50 (Bullish)
Price is above 200MA...
This is what I call a LOW probability trade because we have mixed signals of buying and selling. However, the chart pattern is potentially predicting a change to the downside. So my bias is bearish despite the positive lagging bullish indicators.
Gene
DKS Breakout Long TradeDicks Sporting Goods (DKS) is breaking out from a textbook cup with handle pattern.
After nearly doubling in price between May and August, the stock stalled and formed a small pivot at the $115 resistance level.
Relative strength has been climbing for several months - a sign that Dicks has been leading the surge higher and outperforming the rest of the market.
Even in the late August market selloff, DKS held its ground and posted higher RS readings.
I’m looking for a continuation of the br
DKS SHORT SETUP for earningsDKS has had increasing prices since the last earnings when it beat the estimates.
However, the price is ascending in a rising wedge which may suggest a breakdown.
While a breakout is possible it is less probable than a breakdown.
The chart has the rising wedge drawn in. The RSI indicator is suggestive
of bearish divergence in the past week. This may forecast a reversal in
the immediate term i.e. a breakdown.
All in all, I will take a put option with an expiration of September 2nd
at str
$DKS - To Long or To Short?Some conflicting pieces of information here from my point of view.
On the Long-side:
1. Ascending Triangle (Purple Box & Hashed line) - often considered a bullish pattern
2. Convergence of 20 & 50 ema (Orange + Purple) - watching for a cross as a bullish signal
3. Strong fundamentals and DCF indicating an under valuation
On the Short-side:
1. Bearish convergence when considered with Stochastic oscillator (purple hashed)
2. Loss of momentum also indicated on MACD indicator (not show)
3.
4. In
Undervalued Stock Series #4 - Dicks Sporting Goods $DKSOn the fundamentals :
Their income last 5 years is positive, their revenue have grown last 5 years, their current asset > current liabilities and their Free Cash Flow can deal with their debts (i.e if they decided to pay off all of that debt, they could).
MOAT
Their revenue growth > competitors & industry's average
Their ROIC % > competitors & industry's average
VALUATION
Several valuations have suggested that the current price is on average +48% under the fair price.
On the technic
DICK'S Sporting Goods (DKS) BUY OPPORTUNITYNYSE:DKS has been on a slight downtrend lately and found support at the 200 EMA level. From a fundamental perspective, the company is very strong as well, exceeding their earnings quarter by quarter and with a bright future ahead.
If that hasn't convinced you, you may also want to know that Stack Edward, Executive Chairman at DKS has recently bought 227,000 shares of DKS (worth $25M). That goes to show we're expecting some really great price movement in the upcoming months!
Good luck,
Your G
Long | DKS | ER week game-planNYSE:DKS
STRONG BUY opportunity.
Possible Scenario: LONG
Evidence: Price Action , Dark pool activity, Options flow.
we should be lucky if we see a pull-back to 137.5$ or 136$, but be prepare for it. if it happened, it's the best buy opportunity.
TP1: 140$
TP2: 144$
TP3: ATH
Call options, strike 140$, 11/26/21
Call options, strike 145$, 11/26/21
*This is my idea and could be wrong 100%























