DKS Dick's Sporting Goods up 3% today on strong volume with earnings coming later this week.Close today just above upper limit of a month long range. Expecting bullish channel that began off the March lows to continue.
Unusual bullish options flow today - About 4,600 $54.00 calls expiring this week traded vs OI of 5 contracts for total premium outlay of about $200K.
Just for these calls to break even at expiration, we'd need to see a move from today's close of about +14%. Could be a bullish sign for earnings.
Target: $60 by 2nd half of Sept (Assumes a strong earnings report Wednesday)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.