Dick's Sporting Goods;The Stock A Better Gift?
Dragonfly Capital | Dec 19, 2014 01:26AM ET
Get your head out of the gutter. Dick’s Sporting Goods, Dick's Sporting Goods Inc (NYSE:DKS), is a spot where many people go to shop for the Holidays. My kids love anything from there. But the stock itself may be a better gift to give your loved ones this year. With the gains they can go buy their own presents.
The chart above shows the price action in the stock over the last year. Notice that after a weak report in May it gapped lower and has not yet recovered. But heading into the end of the year the stock is right back at a resistance zone, this time from a higher low. And as it hits that resistance area the RSI is rising and bullish, while the MACD is about to give a buy signal, crossing higher.
A move into and above that zone would carry a target on a measured move to about 56.40. That is better than 10%! I am sure your loved ones will appreciate that.
Disclaimer: The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.