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After Yesterday's Rally of 2.46% Shares Could Potentially Pullback

By Amy Schwartz

Dick'S Sporting (NYSE:DKS) traded in a range yesterday that spanned from a low of $29.67 to a high of $30.65. Yesterday, the shares gained 2.5%, which took the trading range above the 3-day high of $30.15 on volume of 873,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Dick'S Sporting on November 17th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $28.60. Since that recommendation, shares of Dick'S Sporting have risen 3.8%. We continue to monitor DKS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Dick'S Sporting has traded in a range of $23.88 to $62.88 and is now at $30.48, 28% above that low. 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%.

Keywords: rebounders dick's sporting

Ticker(s): DKS