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Look for Shares of Dick'S Sporting to Potentially Rebound after Yesterday's 2.72% Sell Off

By Nick Russo

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.

In the past 52 weeks, shares of Dick'S Sporting have traded between a low of $23.88 and a high of $39.74 and are now at $37.12, which is 55% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.6%.

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.

Keywords: rebounders dick's sporting

Ticker(s): DKS