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Dick's Sporting Goods Crosses Above its 10-day MA (DKS)

By David Diaz

Today, shares of Dick's Sporting Goods (NYSE:DKS) have crossed bullishly above their 10-day moving average of $40.46 on a volume of 781K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Dick's Sporting Goods have traded between a low of $33.42 and a high of $62.88 and are now at $41.60, which is 24% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has slid 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Dick's Sporting Goods on May 12th, 2017 by issuing a Downtrend alert when the shares were trading at $47.00. Since that call, shares of Dick's Sporting Goods have fallen 14.8%. 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