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After Yesterday's Rally of 1.62% Shares Could Potentially Pullback

By James Quinn

Dick'S Sporting (NYSE:DKS) traded in a range yesterday that spanned from a low of $34.57 to a high of $35.38. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $35.02 on volume of 760,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Dick'S Sporting share prices have been bracketed by a low of $23.88 and a high of $39.35 and are now at $35.08, 47% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.3%.

SmarTrend is tracking the current trend status for Dick'S Sporting and will alert subscribers who have DKS in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders dick's sporting

Ticker(s): DKS