Stock Of The Day: Where Might Dick's Sporting Goods Find A Bottom?
Portfolio Pulse from Mark Putrino
Dick's Sporting Goods (NYSE:DKS) shares are declining due to disappointing guidance despite beating earnings estimates. The stock lacks well-defined support until $187, where previous remorseful sellers may create a support level again. This dynamic could lead to a price floor and potential rally.
September 04, 2024 | 4:22 pm
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Dick's Sporting Goods shares are declining due to disappointing guidance despite beating earnings estimates. The stock lacks well-defined support until $187, where previous remorseful sellers may create a support level again. This dynamic could lead to a price floor and potential rally.
The stock is currently declining due to negative investor sentiment from disappointing guidance. However, historical support at $187 could create a price floor due to remorseful sellers, potentially leading to a rally if anxious buyers enter the market.
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