Our previous trade has worked out perfect so lets look at the next setup.
Entry level dependent on the open today, could very well expect a back test of trend line so buys placed at $43
target price at $48 in confluence with the 1.618 Fibonacci expansion target
P/E ratio very reasonable at 11.85
27% short interest could help fuel this rally today.
Company profile
Dick's Sporting Goods, Inc. engages in the retail of extensive assortment of authentic sports equipment, apparel, footwear, and accessories through a blend of associates, in-store services, and unique specialty shop-in-shops. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.
Entry level dependent on the open today, could very well expect a back test of trend line so buys placed at $43
target price at $48 in confluence with the 1.618 Fibonacci expansion target
P/E ratio very reasonable at 11.85
27% short interest could help fuel this rally today.
Company profile
Dick's Sporting Goods, Inc. engages in the retail of extensive assortment of authentic sports equipment, apparel, footwear, and accessories through a blend of associates, in-store services, and unique specialty shop-in-shops. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.
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Disclaimer
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.