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Looking to Buy more Dicks

|Includes: Dick's Sporting Goods, Inc. (DKS)

As mentioned in the last entry, we sold a good portion of DKS on the jump above $20. WIth the sideways action and pullback to $18.50 we are now looking for a reentry point for this stock. Likely around the 20ema around $18. Good number from both UA and NIKE should portend well for DKS. The retail sector in general has been strong and DKS has likely lost some decent competition in this recession.

Unless your sitting at the keyboard all day, you might want to enter an order at $17.95 for Mon and see if it fills. Adjust going forward. DKS is likely to quickly hit the moving average and bounce up.