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Shares of Dick'S Sporting Fall to a New 52-Week Low

By Nick Russo

Dick'S Sporting (NYSE:DKS) traded at a new 52-week low today of $33.32. This new low was reached on below average trading volume as 582,000 shares traded hands, while the average 30-day volume is approximately 1.3 million shares.

Dick'S Sporting share prices have moved between a 52-week high of $62.88 and the current low of $33.32 and are currently at $33.99 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%.

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.

Potential upside of 51.5% exists for Dick'S Sporting, based on a current level of $33.99 and analysts' average consensus price target of $51.48. Dick'S Sporting shares should first meet resistance at the 200-day moving average (MA) of $44.13 and find additional resistance at the 50-day MA of $45.74.

SmarTrend recommended that its subscribers protect gains by selling shares of Dick'S Sporting 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 have fallen 28.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows dick's sporting

Ticker(s): DKS