Dicks Sporting Goods (DKS) NewsBite - DKS Upgraded By Robert W. Baird

Posted on Tuesday, August 19, 2008 2:28 PM

Dicks Sporting Goods (DKS) was upgraded today by analysts at Robert W. Baird and the stock is now at $18.21, down $0.41 (-2.20%) on volume of 2,866,622 shares traded. The brokerage upped DKS to Outperform from Neutral Over the last 52 weeks the stock has ranged from a low of $14.93 to a high of $36.78. Dicks Sporting Goods stock has been showing support around $18.06 and resistance in the $19.38 range. Technical indicators for the stock are neutral and S&P gives DKS a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on DKS the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 15 range. [ABR-Seven Summits Strategic Investments NewsBite]

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