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

By Nick Russo

Dick's Sporting Goods (NYSE:DKS) shares have crossed bullishly above their 10-day moving average of $40.78 on a volume of 136K shares. Swing traders may find 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 $56.94 and is now at $40.95, 23% above that low. The 200-day and 50-day moving averages have moved 0.21% lower and 1.16% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Dick's Sporting Goods on May 12th, 2016 by issuing a Downtrend alert when the shares were trading at $41.98. Since that call, shares of Dick's Sporting Goods have fallen 3.5%. 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