Dicks Sporting Goods is Ready to Make a Double Move

Dick’s Sporting Goods, $DKS, is a staple store for any family with kids. It is also a favorite fro active adults. A double whammy. The stock is not so bad either. When you look at a chart of the last 6 months it is setting up an Inverse Head and Shoulders pattern with a rising slope neckline. A break over this neckline triggers a price objective of at least 62.80. That is a pretty good pop. The RSI is rising and supports more upside as does the rising MACD. All it needs is that push

dks

over 54.40 to get going. But f you expand you scope a bit the story looks even brighter. The stock has been trading in a box from 44 to 54.50 for 18 months. This is after a move from 30 to get into the box. A break over the top would trigger a target of 70. This is one to watch closely.

dks long

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