Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Dick’s Sporting Goods’ stock price (DKS) fell in the intraday levels, after the resistance of $208.88 held on, while trying to gather momentum to surpass that resistance, as it vents off overbought saturation in the RSI, amid the dominance of the main upward trend in the short term, with positive support from the 50-day SMA.
Therefore we expect the stock to return higher, targeting the pivotal resistance of $225.80, provided the current resistance of $208.88 was pierced.
Trend forecast: Likely Bullish