Dick's Sporting rallies - Analysis - 23-11-2022

Economies.com
2022-11-23 13:22PM UTC

Dick's Sporting Goods's stock (DKS) rose in the intraday levels after declining initially before regaining ground, following the release of its third quarter results, which beat estimates, with the stock spiking 10.12% in the last session, or 10.82 points, and settling at 117.76, with trading volumes surpassing 6.4 million shares, above 10-day averages of 2.7 million shares. 

 

Technically, the stock managed to shake off negative pressure from the 50-day SMA, amid the dominance of the upward correctional short-term trend, with positive signals from the RSI.

 

Therefore we expect more gains for the stock, targeting the resistance of 133.27, provided the resistance of 119.80 was reliably breached. 

 

Expected trend for today: Bullish

Stocks Technical Analysis

United States Analysis

Stocks

Ford extends gains - Analysis - 01-03-2024
2024-03-01 11:11AM UTC
Ford’s stock (F) rose in the intraday levels, after leaning on the support of the support of ...
United States Analysis

Stocks

Peloton emits more negative signals - Analysis - 01-03-2024
2024-03-01 11:11AM UTC
Peloton Interactive’s stock (PTON) fell in the intraday levels, with negative pressure from ...
United States Analysis

Stocks

Dollar Tree climbs cautiously - Analysis - 01-03-2024
2024-03-01 11:01AM UTC
Dollar Tree’s stock (DLTR) advanced in the intraday levels, amid the dominance of the upward ...