NYSE:DKS
Current Price: $148.23
Dick's Sporting Goods, Inc. is an American chain of sporting goods stores.
Technical Assessment: DKS has absorbed overhead supply at $147 for over 2 years, with sellers clearly controlling the level. This is also in line with the all-time highs while the price has traded in a sideways range for this period. In recent weeks, the price has been strong, with another test of $147. This is one of my favourite kind of setups. Here, a break above $148-$150 could mean a 'next leg up' and a continuation of the long term bull trend.
Current Price: $148.23
Dick's Sporting Goods, Inc. is an American chain of sporting goods stores.
Technical Assessment: DKS has absorbed overhead supply at $147 for over 2 years, with sellers clearly controlling the level. This is also in line with the all-time highs while the price has traded in a sideways range for this period. In recent weeks, the price has been strong, with another test of $147. This is one of my favourite kind of setups. Here, a break above $148-$150 could mean a 'next leg up' and a continuation of the long term bull trend.