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(Teleborsa) – Excellent performance for Dicks Sporting Goods, which trades up by 5.51%.
To give life to the title are the results of the fourth quarter higher than the expectations of the analysts announced by the clothing retailer. In the three months, i revenues they increased to 3.352 billion dollars from 3.125 billion in the same period a year earlier and against the 3.303 billion of the consensus. L’adjusted earnings per share stood at $ 3.64 higher than the market estimate of $ 3.47).
The sales for the same number of stores they grew by 5.9% against the + 4.3% of the consensus.
Comparing the performance of the stock with the S & P-500, on a weekly basis, we note that Dicks Sporting Goods maintains positive relative strength in comparison with the index, demonstrating greater appreciation by investors compared to the index itself (weekly performance -0 , 01%, compared to -4.25% of the US basketball index).
The technical picture of Dicks Sporting Goods signals a widening of the negative trend line with a descent to the support seen at USD 100.6, while on the upside it identifies the resistance area at 108.1. The forecasts are for a possible further retreat with a target set at 96.14.