When (DKS) Moves Investors should Listen
June 21, 2024, 00:10 am ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for DKS
- Buy DKS slightly over 208.02 target 237.21 stop loss @ 207.42 Details
The technical summary data tells us to buy DKS near 208.02 with an upside target of 237.21. This data also tells us to set a stop loss @ 207.42 to protect against excessive loss in case the stock begins to move against the trade. 208.02 is the first level of support below 229.51 , and by rule, any test of support is a buy signal. In this case, support 208.02 is being tested, a buy signal would exist.
- Short DKS slightly under 237.21, target 208.02, stop loss @ 237.9 Details
The technical summary data is suggesting a short of DKS as it gets near 237.21 with a downside target of 208.02. We should have a stop loss in place at 237.9though. 237.21 is the first level of resistance above 229.51, and by rule, any test of resistance is a short signal. In this case, if resistance 237.21 is being tested, a short signal would exist.
Swing Trading Plans for DKS
- Buy DKS slightly over 230.41, target 237.21, Stop Loss @ 229.74 Details
If 230.41 begins to break higher, the technical summary data tells us to buy DKS just slightly over 230.41, with an upside target of 237.21. The data also tells us to set a stop loss @ 229.74 in case the stock turns against the trade. 230.41 is the first level of resistance above 229.51, and by rule, any break above resistance is a buy signal. In this case, 230.41, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short DKS slightly near 230.41, target 221.94, Stop Loss @ 231.08. Details
The technical summary data is suggesting a short of DKS if it tests 230.41 with a downside target of 221.94. We should have a stop loss in place at 231.08 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 230.41, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for DKS
- Buy DKS slightly over 230.41, target 233.48, Stop Loss @ 229.87 Details
If 230.41 begins to break higher, the technical summary data tells us to buy DKS just slightly over 230.41, with an upside target of 233.48. The data also tells us to set a stop loss @ 229.87 in case the stock turns against the trade. 230.41 is the first level of resistance above 229.51, and by rule, any break above resistance is a buy signal. In this case, 230.41, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short DKS slightly near 230.41, target 227.32, Stop Loss @ 230.95. Details
The technical summary data is suggesting a short of DKS if it tests 230.41 with a downside target of 227.32. We should have a stop loss in place at 230.95 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 230.41, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Dick's Sporting Goods Inc (DKS) available here: DKS.
DKS Ratings for June 21:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
180.66 |
| P2 |
227.32 |
221.94 |
208.02 |
| P3 |
233.48 |
230.41 |
237.21 |
AI Generated Signals for DKS
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Dick's Sporting Goods Inc (NYSE: DKS) report below is a real world example. Included are trading plans for DKS, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for DKS:
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