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Dick's Sporting Goods: 52-Week High Recently Eclipsed (DKS)

By David Diaz

Shares of Dick's Sporting Goods (NYSE:DKS) traded today at $60.66, breaking its 52-week high. So far today approximately 272,000 shares have been exchanged, as compared to an average 30-day volume of 1.3 million shares.

Based on a current price of $60.43, Dick's Sporting Goods is currently 23.7% above its average consensus analyst price target of $46.09. The stock should find initial support at its 50-day moving average (MA) of $45.74 and further support at its 200-day MA of $44.13.

Dick's Sporting Goods, Inc. is a sporting goods retailer that operates stores primarily in the eastern and central United States. The Company's stores offer a broad selection of brand name sporting goods equipment, apparel, and footwear.

Dick's Sporting Goods share prices have moved between a 52-week high of $60.66 and a 52-week low of $33.42 and are now trading 81% above that low price at $60.43 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 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 36.0%. We continue to monitor DKS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows dick's sporting goods

Ticker(s): DKS