Chart Of The Day: Look What Happened To Dicks

By Jim Van Meerten of Barchart.com

Contributor Barchart Chart of the Day • Aug 23, 2023 at 10:30 AM EDT

Dicks was flying high and then had just one bad earnings call and it tanked: dropping more than 24% in just one day

Todays Chart of the Day is not to show you what to buy but instead to remind you how to manage your portfolio and use risk management:

Never put all your eggs in one basket
Diversify in both number and industry
Have predetermined stop losses or sell points
Never decide to rationalize - I'm not worried, I'll wait till it comes back and then sell it
Read my standard disclosures below and understand them ---- I always put then there for a reason ---- for your consideration and protection

Dicks (DKS) was flying high and then had just one bad earnings call and it tanked: dropping more than 24% in just one day

(Click on image to enlarge)

DKS Price vs Daily Moving Averages

More By This Author:

Chart Of The Day: Sterling Infrastructure - Build Back Better
Chart Of The Day: Is Abercrombie & Fitch Overpriced?
Chart Of The Day: You Can Bank On UBS

Disclosure:

I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in the next 72 hours.

Disclaimer:

The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.

STOCKS IN THIS ARTICLE

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