The maker of athletic apparel appears to offer more upside opportunity than downside risk based on its charts.
Traders should only go long on strength above $320.
'Take care of the pennies and the pounds will take care of themselves.'
Dine Brands Global and Royal Caribbean looked cheap a few days ago yet fell a lot more on Thursday, which makes timing an entry challenging.
The big picture for the recreational vehicle giant is a potential base pattern that is going to become bigger in the weeks ahead.
Fear is the name of the game here, not reality, and until it abates, all bets are off.
The selloff caused by coronavirus fears is creating dividend-paying bargains, but market volatility makes putting money to work a challenge.
Bottoms can prove frustrating to call, so investors would be better served by seeking out individual stocks selling at a discount to normal values.
I still do believe that the panic is overblown, but that does not mean that it won't continue.
The most likely near-term path for the market is down amid coronavirus fears, but be prepared to put money into stocks once the outbreak is contained.