Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
DKS Breakout Long Trade
Dick's Sporting Goods Inc
Long
DKS Breakout Long Trade
By rossgivens
Follow
Follow
Sep 12, 2022
1
Cheer
Cheer
1
1
Sep 12, 2022
Dicks Sporting Goods (DKS) is breaking out from a textbook cup with handle pattern.
After nearly doubling in price between May and August, the stock stalled and formed a small pivot at the $115 resistance level.
Relative strength has been climbing for several months - a sign that Dicks has been leading the surge higher and outperforming the rest of the market.
Even in the late August market selloff, DKS held its ground and posted higher RS readings.
I’m looking for a continuation of the breakout that began on Friday.
Beyond Technical Analysis
breakout
breakouttrade
breakouttrades
breakouttrading
canslim
Chart Patterns
cupandhandlepattern
DKS
Technical Indicators
rossgivens
Follow
Follow
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
.