Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Dick's Sporting Goods' stock (DKS) rose in the intraday levels in an attempt to recoup earlier losses, while marking a mild profit of 0.03% in the last session, or 4 cents, and settling at 131.01, amid the dominance of the downward correctional wave in the short term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels.
Therefore we expect the stock to return lower, targeting the pivotal support of 121.60, provided it settles below the resistance of 136.66.
Expected trend for today: Bearish