DKS has made a very impressive and strong recovery as of late. Heck, it is up around 30% just since Jan 12 when it closed around $34. I just wonder if it is a tad overbought here. We know that a correction in markets as a whole is coming sometime this year (it always does) and when that happens, how hard will DKS be hit? I could be wrong, but I am about ready to start shorting this in small increments, maybe with the first tranche around $45. Anyone else thinking this way?
“Huntsman Textile Effects, being an innovative partner, has taken the right steps to build sustainable partnerships within Sri Lanka. This association has now created a new benchmark in sustainability and differentiation for this dynamic market which will go towards strengthening the confidence and business relationship between the two groups”. MAS Holdings is South Asia’s largest intimate apparel manufacturer and the region’s most rapidly growing provider of competitive sportswear, serving numerous global brands including VS, Nike, Speedo, Marks & Spencer (M&S), Decathlon, Lulu lemon, Adidas & Triumph International. The group also provides a range of non apparel related solutions to other companies.
Huntsman Textile Effects is the global leader in developing total textile solutions across all aspects of the textile chain and is committed as the global leader in developing sustainable, high performing processing and effects chemicals that have low environmental impact with significant reductions in energy and time.
DKS has had quite a run. From a pure TA perspective, its RSI of 74+ is in the overbought range. I have no doubt the PPS will eventually fade like all stocks do; they go up and down. The question is when and how much. Just keep in mind that the market can remain irrational longer than an investor can remain solvent. Good luck.