Dick's Sporting eases lower from earlier peak, levels to watch The stock hit a high in the morning session of $54.64 following earnings, but has since eased lower to $52.21. At current price, next support is at $51.09, a penny below the previous session closing price. Resistance is at $53.10.
News For DKS From The Last 14 Days
Check below for free stories on DKS the last two weeks.
Dick's Sporting downgraded to Market Perform from Outperform at Wells Fargo Wells Fargo downgraded Dick's Sporting Goods to Market Perform citing the recent rebound in shares and its data for August which indicates golf equipment sales continue to be weak. Wells also believes Disk's is near peak sales productivity and that the shift to ecommerce will lead to lower margins. The firm dropped its price target range for shares to $43-$46 from $47-$50.