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Dick's Sporting Goods Bearish Moving Average Crossover Alert (DKS)

By David Diaz

Today, shares of Dick's Sporting Goods (NYSE:DKS) have crossed bearishly below their 10-day moving average of $60.26 on a volume of 303K 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.

Over the past year, Dick's Sporting Goods has traded in a range of $33.42 to $61.94 and is now at $59.69, 79% 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 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 36.4%. 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