BGFV Trade on Jul 1, 2021 13:01 from MichaelBLe: Tradervue User Stock Trades.

1:50PM
Noticed some strength in the retail sector mid day. I decided to do a little investigation and found DKS and BGFV setting up. DKS is the leader of the retail sector and in comparing the two, I found that BGFV daily chart looked similar to CRWD did during the consolidation period.

I am torn between taking DKS and BGFV. My mind tells me to take DKS since it already took out the ATHs. The consolidation is very short in DKS and a risky set up.

Now, focusing in on my actual position in BGFV. This is a pullback play. This is the 3rd week of testing the 10 weekly ema. The daily chart shows a slight increase in volume today compared to yesterdays. Along with an expanding daily range.

Checking out the fundamentals, we see a good earnings growth. The sales growth isn't as impressive looking at it now. I totally missed the sales growth results.

The number of funds decreased in 2020 but slowly started to get more funds back into this. The major funds aren't in this name..

RS rating is strong. But I definitely want to see the RS line continue to trend upward.

7-2
8:32AM
I took this trade off since I wasn't too comfortable with the fundamentals. Not a leader stock neither. No conviction.