DICK'S Sporting Goods, Inc. : The uptrend could resume
By Florian Girard
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$52.9 | $0 | $51.1 | -100% |
The firm enjoys an excellent Surperformance rating that underline the attractive valuation and the financial strength. Moreover, there is a +16% potential to reach the consensus average target price. EBITDA and net income should display 9% growth rate in 2015.
Technically, in the medium term, the company keeps a bullish trend. Nevertheless, in the last few months the stock has undertaken an accumulation phase in a wide range, limited by the USD 52.6/59 thresholds. In its support area the share could find new momentum. The 100-weeek MA currently at USD 51.2 should prevent the security from a major downfall.
Consequently, investors could open a long position at current prices and target a reversal toward the USD 56.3 pivot point. A stop loss order should be set at USD 51.1.