DSG trade ideas
$DKS Dicks Sporting Goods Trade setup
Possible long on break above 200ma into earnings
24% short interest
very reasonable 10 P/E
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
Upgrades for Dicks Sporting GoodsEntry level on a break above the Golden pocket Fibs @ $50.
Upside target to all time highs very possible @ $60
Stop loss $48
Barclays Upgrades Equal-Weight Overweight $45.00 new target $56.00
Evercore ISI Group Upgrades In-Line Outperform $35.00 new target $60.00
Very reasonable 12 P/E ratio.
27% Short interest can fuel the rally
Company details
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.
Dicks Sporting goods soars on earnings beat.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.
DKS out for HarambeKinda busy chart but low risk play.
Starting to hit at a decent clip on all my charts- Follow for daily-ish chart postings.
Ask me to chart something if you'd like. I try to find interesting companies/orgs with noteworthy news whether thats a new release, conference, quarterly reports etc
$DKS Goldman upgrades Dicks Sporting Goods to BuyTodays upgrade from Goldman Sachs with a $45 price target should be respected, as we see that as the maximum target before noteable retrace.
The Fibonacci channel has been a good guide so far and the indicators are also overstretched and in need of a reset.
Short interest very high at 30.41% and will not be willing to through in the towel quite yet.
P/E ratio 11.98
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.
Dicks Sporting goods to hire 8000 seasonal workers Entry level $38.80 = Target price $43.00 = Stop loss $37.60
P/e ratio 11.69
Short interest 29.90 % Squeeze potential
DICK’S Sporting expects to hire up to 8,000 associates during its second-annual "National Signing Day" to be held nationwide on Oct 16. The seasonal hires will not only receive an attractive pay but also gain other pre-requisites like up to 25% discount on store merchandise. Additionally, the hires will get the opportunity to gain experience by working with the best sports and outdoor brands.
DICK’S Sporting’s hiring plans for this fiscal year indicate that it is enthusiastic about a huge holiday rush. This has led it to hire more seasonal employees than its plan of hiring up to 5,000 workers last year.
Source Zacks
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.
Lagging the S&P since January, could catch up...NYSE:DKS Room to run is the theme of the day, and DKS has it. Well within channel, just off recent brush with the support now looks ready to try and retest upper resistance. Broken through inner resistance, trying to hold above now. Can get July 16th C37 around .30 apiece right now, should give enough time to see gains. May very well end up closer to 38 by then, meaning plenty of the green stuff for us all. Batter up. Happy hunting!!