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

By Amy Schwartz

Today, shares of Dick's Sporting Goods (NYSE:DKS) have fallen below their 10-day MA of $41.52 on a volume of 315K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Dick's Sporting Goods share prices have moved between a 52-week high of $62.88 and a 52-week low of $33.42 and are now trading 23% above that low price at $41.14 per share. 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 10.4%. 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