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Dick'S Sporting Set to Possibly Rebound After Yesterday's Selloff of 2.72%

By Amy Schwartz

Dick'S Sporting (NYSE:DKS) traded in a range yesterday that spanned from a low of $36.96 to a high of $38.11. Yesterday, the shares fell 2.7%, which took the trading range below the 3-day low of $37.95 on volume of 880,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Dick'S Sporting on March 15th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $35.10. Since that recommendation, shares of Dick'S Sporting have risen 8.8%. We continue to monitor DKS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Dick'S Sporting share prices have been bracketed by a low of $23.88 and a high of $39.74 and are now at $37.12, 55% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.5%.

Keywords: rebounders dick's sporting

Ticker(s): DKS