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American Stocks Analysis

May 23, 2024 7:43 AM

Dicks Sporting Goods stock price (DKS) kept falling in the intraday levels, confirming the breach of the important support of $192.23, and after previously piercing the main upward trend line in the short term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI despite reaching oversold levels.

Therefore we expect more losses for the stock, targeting the support of $165.75, provided it settles below $192.23.

Trend forecast: Bearish

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