ASO Daily TF ---------------------- With ER on Tuesday $ASO could see some nice movement, holding strong above the 20 ema and a nice bull flag setup to break ATH. Previous ER moves highlighted 14 days after report. Target: 142+ Key levels Resistance: 37.75 Support: 36, 35.26, 33
Looks like the right set of factors are present. Ascending wedge and all support over $80.33
Fundamental analysis indicates DKS will continue to perform well under COVID restrictions. In light of vaccine news, DKS has poised itself well with new stores and additional workers to capitalize on increased brick & mortar foot traffic. Sentimental analysis sets the stage for a strong rebound (earnings , new product line , positive post-COVID performance ...
$DKS Dick's Sporting Goods up 3% today on strong volume with earnings coming later this week. Close today just above upper limit of a month long range. Expecting bullish channel that began off the March lows to continue. Unusual bullish options flow today - About 4,600 $54.00 calls expiring this week traded vs OI of 5 contracts for total premium outlay of about...
DKS broke out of descending triangle. MACD signals general bull-trend with potential push to the upside. Wait for RSI to reset below 30 for entry. Fundamentals: Earnings coming up for DKS
DKS price consolidating and has chance both site to take a entry. Wait for breakout. I also watching this one .
May 2nd: DKS reached SMA(100) support line forming a Hammer candlestick. Technical information: RSI(14) @39 CCI(10) @-100 Support: 32.46 Resistance: 39.4
- Earnings are before open Tuesday - 2018: Resistance $40. Support $30 - Earnings calls tend to be followed by a steep pullback - RSI suggests it is overbought - My strategy would be to make a bear spread 2 months out for Apr 18, 2019
"Fear of missing out (FOMO) warmed up last week but closed the week with a pause. Is it the pause that refreshes or simply cools hotheads?" A Pause for FOMO drduru.com $SPY $QQQ #AT40 #T2108 $AMD $DKS $FL $FIT #VIX #forex $DXY $USDMXN $AUDJPY $USDX
DKS is under pressure with more stores opening and severely lower revenues from sales. Stores are opening in markets that are depressed. This will cause a significant run at the cash on hand and could cause a failure. I shorted in March to May and now April to June. 10 contracts to the lower in anticipation of week financials for q-1. I am short at 10 calls...
Accumulating DKS into long term weekly support at a pierce of $26 dollars. First target = fill of recent daily chart gap (~$34).
Unless you've been living under a rock somewhere, you'll know that last week we experienced a pop in VIX. Ordinarily, this would get me somewhat excited to put on broad market index exchange-traded fund stuff in SPY, IWM, and QQQ. However, running my standard defined risk setups in those underlyings has led to minor disappointment -- while they are paying more...
Dicks Sporting Goods has been on a bull run since November 2008. On multiple occasions through this bull, three of the technical indicators discussed below are at the same or lower levels, that they are now. These instances are resulted in gains for the stock. I have laid out the reasons and levels to which the stock may rise while it most likely ends is recent...
... for a 4.35 ($435)/contract credit. I put this on earlier in the week, but neglected to post it here ... . (High implied volatility rank; high implied volatility; it's in the 95th percentile of where implied volatility has been in the past six months; its background implied volatility is at 47%). Metrics (Currently): Max Profit: $418/contract Max...
If you're going to play anything next week premium selling wise, it's going to be in earnings, because that's all that's really out there volatility-wise. The VIX remains persistently low here, and running a screen for exchange-traded funds with >70% implied volatility rank, and >35% implied volatility yields absolutely nothing. Here's what showed up on my radar...
DKS expected to open at 56.84 for a Retest Gap. To learn to trade this strategy for free go to www.RealLifeTrading.com