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Buy the Dip on This Retailer Before Earnings
DKSDick's Sporting Goods(DKS) schaeffersresearch.com·2024-05-21 18:32

The retail stock's recent drawdown has DKS testing a historically bullish trendline. Per Schaeffer's Senior Quantitative Analyst Rocky White, the security has come within one standard deviation of its 80-day moving average four times over the past three years, defined for this study as having traded north of this trendline 80% of the time in the past two months, and in eight of the past 10 trading days. One month later, the stock was higher 75% of the time after these signals, averaging a 5.8% return. Dick' ...