DKS: Shorting for a TRADE

05/24/11 07:15AM EDT

Keith shorted DKS in the Hedgeye virtual portfolio when the stock broke his TREND support of $40.29 and immediate-term downside to $37.03. Though we don’t think the fundamental story is broken, the Street shook out above management's guidance of $0.47-$0.49 in the upcoming q. We need to bank on sequential acceleration in biz for that to happen, which leaves us less than comfortable.

DKS: Shorting for a TRADE - DKS Levels 5 24 11

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