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

By Shiri Gupta

Dick's Sporting Goods (NYSE:DKS) shares have crossed bullishly above their 10-day moving average of $48.25 on a volume of 564K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Dick's Sporting Goods has traded in a range of $33.42 to $62.88 and is now at $49.72, 49% above that low. 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 12.8%. 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