In today’s Super Seasonals: “Trade of the Week” we will look at Dick’s Sporting Goods Inc (DKS). As a reminder, this is just ONE opportunity, there are literally dozens of solid opportunities every week to consider via the Super Seasonals website.
Dick’s Sporting Goods, Inc. engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories.
Below are the BEARISH seasonal tendencies for Dick’s Sporting Goods over the next 22 days of trading…
Below is a snippet of the past 5-10 years, which shows the recency bias that bearish seasonals tendencies still appear to be valid…
Below is a Cumulative Chart of the seasonal bearish tendency that is fairly noticeable…
The Consumer Cyclical sector has a tendency to pullback a bit as well…see red line below.
Dick’s is a part of this sector, so that seasonal alignment appears to make sense.
Below are the Week by Week snippets of Dick’s that show a tendancy to be bearish for the next several weeks…
As you likely know, there are literally dozens of solid ways to approach trading Dick’s Sporting Goods Inc (DKS) with a bearish bias. The decision of how to best invest in the stock or trade the options is an individualized decision, unfortunately there is no one best way. Keep in mind that seasonality is about probabilities, not certainties. Please remember, do your homework, and fully understand the risk before trading anything.
To learn more about seasonal information on Dick’s Sporting Goods Inc (DKS) and other solid seasonal opportunities click here SuperSeasonals.
Trade Smart,
Chad Shirley
