DKS
DKS is a strong earnings breakout, one of very few today. Volume was great, the gap up was big, and it closed near the high of the day. CMF was rising before the breakout, and price relative, while it could have been better, stayed pretty high during the base. The only thing I don't like here is the attempted breakout about a week ago, and subsequent pullback; I don't like pre-earnings breakouts, and this one looks like it might have been a little manipulation by somebody. For some reason the average volume increase quite a bit a couple of weeks ago, why I don;t know.






0 comments:
Post a Comment