Watch This Daily Support Level For This Major Retail Stock $DDS

Many of the leading retail stocks have traded sideways for the past several weeks. One particular retail equity that has caught my eye is Dillards Inc (DDS). This retail stock has been pulling back since mid-June. The stock is now trading below its important 20-day moving average which tells me it has lost near term strength and momentum. The next key support area for DDS should be around the $81.00 area. This level is where the stock broke out in late May 2018. Often, when an up-trending stock pulls back into its breakout level it will be defended by the institutional crowd.





Nicholas Santiago
InTheMoneyStocks