Retail stocks have been flying to record highs.
DKS is retesting a Major zone as possible support.
Strong bull bounces here, or we risk much deeper.
$ 212.03 - 210.66 is the strongest support for some distance.
$ 238.70 - 242.55 is the nearest significant resistance above.
$ 132.21 - 135.32 is next major support with minors...
Dick’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...
Dicks Sporting Goods has been rallying since November, and now it may be breaking out.
The first pattern on today’s chart is $149.73, the previous daily closing high from March 8, 2023. The retailer stalled around this level in August and December. However, it broke above the price zone in mid-January and made a new low there last week. Has old resistance become...
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...
Analyzing 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...
DICK'S Sporting Goods (DKS) reported earnings of 2.82 per share on revenue of 3.22 billion for the fiscal second quarter ended July 2023. The consensus earnings estimate was 3.76 per share on revenue of 3.23 billion. The company missed expectations by 30.37% while revenue grew 3.57% on a year-over-year basis. The company said it expects fiscal 2024 earnings of...
Analyzing 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...
DKS
"Long" Dicks are for chicks.
Daily Chart Analysis
Prior to Covid, DKS had lost its Uptrend and had been moving sideways since 2014.
In 2017, the sideways range broke down signaling the start of a downtrend.
At this point Price pulled back to previous support looking to turning it into resistance. Then covid happened. Price was blasted down all the way to...
Many stocks have been climbing the "wall of worry" in a choppy fashion. But the fact remains that many of these stocks are still climbing.
It is also important to try to pick stocks that are already showing some positive attributes (eg those that were breaking out of a base formation or already started to move above the 200day moving average etc). Whether to sit...
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 ...
Recession has started, it's march, one year ago this month the Fed started raising rates. Lag effect is dissipating. Last hoorah before the big sell off?
I am in cash and bonds...
This entry qualifies both as a Crossover Gap and a KCA Surge signal. These signals appear to show a sustained an persistent edge over time so even if the next trade showing them doesn't turn profitable, statistically they are worth taking. Risk only 1% per trade and make enough of these trades and you'll see the benefit.
Looking 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.
Rising 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...
