Dicks was upgraded by Goldman to Buy on Jan 30th. Feb 9th saw heavy call activity in March 55 and 60 strikes with March 52.5 puts being sold. Daily chart shows $49.33 touched in July and confirmed as support again on Jan 31st. Target the 50dma at say $55 to add to position.
since calender 10 , I am following this stock without investing a penny only learning a lot about Fib and arc retracement (my regret )
Since i am totally amazed how this stock fit so well this technical Analysis.
the resistance is at 50$. I will invest only after a strong pull back.
Dicks Sporting Goods: The big box format stores in the US for sports equipment, yoga and workout clothing, golf, basketball, baseball, football, .... you name it practically, they have it.
The green triangles are the levels where earnings were reported and DKS faltered at that key level after the last two earnings reports indicating heavy selling interest. ...
1) The primary uptrend support line has long been broken
2) A new series of lower highs and lower lows has begun to take shape
3) Price has begun to break below the 200 day moving average for the first time in over 6 months
4) Price has broken to new lows even past the lows made post earnings from May 2015 (including the recent divident paid)
5) A short with the...
