Chart Patterns & Algorithmic Trader ( Sept . 28 , ' 20 ) ( 41 )
DKS
V-Bottom Pattern s
Dick ' s Sporting Goods ( DKS ) has formed a V-Bottom pattern on its daily chart and trading above the breakout level of $ 49.90 . V-Bottom patterns are traded when price closes above the breakout level . A stop is placed below the mid level of the V-Bottom pattern at $ 31.63 . Targets are placed at $ 72.3 to $ 78.4 and $ 96.0 to $ 108.7 .
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