- Earnings are before open Tuesday
- 2018: Resistance $40. Support $30
- Earnings calls tend to be followed by a steep pullback
- RSI suggests it is overbought
- My strategy would be to make a bear spread 2 months out for Apr 18, 2019
Dick’s is the largest full-line sporting goods retailer with a national store base and a high-quality, growing e-commerce business. Dick’s controls approximately 12% of the sporting goods industry.
Dick’s has fared better than competitors due to its execution and company-specific initiatives, including Dick’s Team Sports HQ, a technology platform for youth...
Dick's popped up on a few scans today.
Weekly Chart Accumulation, On Balance Volume, Stochastics, MACD and RSI are BULLISH
On the Monthly, Stochastics, MACD and RSI are trending up BULLISH
DAILY CHART LOOKS BULLISH
LOOKING FOR A NEW 52-WEEK HIGH
POSITION: 10,000 SHARES
DK is at a support level now. The idea is that it will stay within the trend channel.
There are 2 ways to play this:
1. Enter now for max profit (upside > 25%)
2. Wait for confirmation
I choose plan 1 and buy now. Tight stop loss, target 65.
Link to profile on marketwatch:
This is a bullish swing trade I am considering entering tomorrow. I am going to watch the markets closely to see how they open tomorrow as well as the oil market. I liked the crude inventories number that came out this afternoon which I believe could help boost oil prices as well as the price of oil stocks. Whether I enter this trade or not will depend on several...
DKS is under pressure with more stores opening and severely lower revenues from sales. Stores are opening in markets that are depressed. This will cause a significant run at the cash on hand and could cause a failure.
I shorted in March to May and now April to June.
10 contracts to the lower in anticipation of week financials for q-1.
I am short at 10 calls...
Awesome opportunity to go long here if DKS pulls back to the LTF Demand Zone. Yellow line indicates where price fell from after poor Q3 '17 earnings (no real supply here). If price breaks the line, I believe it will continue right on up to the LTF Supply Zone, making for another great opportunity to join this strong up- trend.