Thursday, November 30, 2017

$DKS 13% Gap Fill Potential

I really like this $DKS stock for a gap fill and continuation move up to the $34 area.  It reported earnings November 14th and has steadily moved higher and broke above the 20 and 50 day exponential moving average.  It also closed above the recent $29.12 pivot area since the gap down back in August.  If we can break above the high today of 29.86 and close above it with continued momentum we saw in the retail names today, then the gap fill should continue all the way to $33.86 and then up to $37.60, which is the 200 day simple moving average.  The gap fill to $33.86 would be a 13% move, so don't expect it all in 1 day.



Here's a recent article analyzing Dick's Sporting Goods Inc. most recent earnings.

http://finance.yahoo.com/m/a90bd3d9-1d5a-33a9-b5bf-304fcc8b3b09/dick%E2%80%99s-sporting-goods%2C-inc..html

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