Dick’s Sporting Goods Inc (DKS) – stock is trading around $47.59 dollars as of December, 10, 2019 and offering a possible buying price between $47.59 – $49.97. Let’s look at the stocks technical actions using a weekly chart.
2. The stock was little wild, but in a consolidation mode back in October and most of part of November.
3. The stock found support at the 50 day moving average (DMA) line during the consolidation.
4. The stock staged a rock solid breakout couple of weeks back.
5. The stock held on to the gains last week which appears to be a quick consolidation.
6. The stock is offering possible buying price between $47.59 – $49.97, with a stop loss at $43.78.
This stock is already part of the Stocks Under 50 Dollars pick and performance will be tracked here .
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