This Sporting Goods Stock Is Starting to Run: Technical Analysis

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Dick’s Sporting Goods has been running. Now, after a brief pause, it may be ready to keep moving.

The first interesting pattern on the daily chart is the price gap on May 26, which DKS recently tested (and partially filled). That resulted from a blowout quarterly report, with same-store sales up 115 percent.

Notice how price came down to test and hold the May 10 peak and the rising trendline that began in December. DKS also …

For more, please click here to view the related idea and chart analysis on TradingView.

Dick’s Sporting Goods (DKS), daily chart with selected patterns, courtesy of TradingView.
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