Leading from the Front

If retail is mounting a new bull run, after essentially commencing its own bear market in April 2015, it is hard not to see Dick's Sporting Goods being a leader in the space. 

DKS is a name we looked at before earnings, and now with that out of the way the stock is simply reinforcing the bull thesis. Specifically, the updated daily chart, below, shows spurts of strong buy volume for a sustained period of time as price improved. 

Clearly, DKS benefitted on several levels from the Sports Authority bankruptcy. 

But, beyond that, the proof is in the pudding as this type of a strong price action and volume of a period of time is evidence in and of itself. Since Brexit, for example, DKS wasted no time in reclaiming all daily chart moving averages with vigor.

I am an interested dip-buyer here into the autumn months.