Rebounding Retail Stock Could Extend Rally
Dick's Sporting Goods(DKS) Schaeffers Research·2024-01-02 14:47
Dick's Sporting Goods Inc (NYSE:DKS) stock is trading flat today, down just 0.1% at $146.80, despite a price-target hike from D.A. Davidson to $183 from $166. Up 40.9% in just the last three months thanks to support from its 20-day moving average, the retail stock has almost fully recovered its mid-August 24.2% plummet. The stock's rebound could still have legs, too, as its recent highs come amid historically low implied volatility (IV), which has been a bullish combination in the past. Per Schaeffer's Quan ...