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Bearish Moving Average Cross by Dick's Sporting Goods (DKS)

By Amy Schwartz

Dick's Sporting Goods (NYSE:DKS) shares have crossed bearishly below their 10-day moving average of $50.08 on a volume of 199K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Dick's Sporting Goods share prices have moved between a 52-week high of $56.94 and a 52-week low of $33.42 and are now trading 49% above that low price at $49.87 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has slid 0.2%.

SmarTrend recommended that subscribers consider buying shares of Dick's Sporting Goods on June 30th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $44.38. Since that recommendation, shares of Dick's Sporting Goods have risen 13.1%. We continue to monitor DKS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses dick's sporting goods

Ticker(s): DKS