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 (NYSE:DDS), which 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.
Watch This Price Point
The next key support area for DDS should be around the $81 area. That's where the stock broke out in late May 2018. Often, when an up-trending stock pulls back into its breakout level it finds defense from the institutional crowd.