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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 $48.20 on a volume of 360K shares. This may provide short-term investors a chance 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 $62.88 and a 52-week low of $33.42 and are now trading 43% above that low price at $47.78 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Dick's Sporting Goods on December 22nd, 2016 by issuing a Downtrend alert when the shares were trading at $55.16. Since that call, shares of Dick's Sporting Goods have fallen 12.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses dick's sporting goods

Ticker(s): DKS