Bullish Moving Average Cross by Dick's Sporting Goods (DKS)
Today, shares of Dick's Sporting Goods (NYSE:DKS) have advanced above their 10-day MA of $59.17 on a volume of 467K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, Dick's Sporting Goods share prices have been bracketed by a low of $33.42 and a high of $60.40 and are now at $59.94, 79% above that low price. 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 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 32.2%. 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