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Watch for Continued Gains in Shares of Dick's Sporting Goods (DKS)

By Shiri Gupta

Dick's Sporting Goods (NYSE:DKS) traded at a new 52-week high today of $61.94. Approximately 108,000 shares have changed hands today, as compared to an average 30-day volume of 1.3 million shares.

Dick's Sporting Goods (NYSE:DKS) is currently priced 25.3% above its average consensus analyst price target of $46.09. The stock should discover initial support at its 50-day moving average (MA) of $45.74 and subsequent support at its 200-day MA of $44.13.

In the past 52 weeks, Dick's Sporting Goods share prices have been bracketed by a low of $33.42 and a high of $61.94 and are now at $61.69, 85% above that low price. 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%.

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.

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 38.6%. We continue to monitor DKS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows dick's sporting goods

Ticker(s): DKS