Dick's Sporting Goods returns higher - Analysis - 05-06-2023

Dick's Sporting Goods' stock (DKS) returned higher in the intraday levels amid positive signals from the RSI, marking a profit of 1.73% in the last session, or 2.18 points, and settling at 128.41, amid the dominance of the downward correctional short-term wave, with negative pressure from the 50-day SMA, while the RSI reached overbought levels compared to the stock's movements. 

Therefore we expect the stock to return lower, targeting the support of 119.22, provided the resistance of 136.66 holds on.

Expected trend for today: Bearish