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Watch for Dick'S Sporting to Potentially Pullback After Gaining 2.24% Yesterday

By Amy Schwartz

Dick'S Sporting (:DKS) traded in a range yesterday that spanned from a low of $39.05 to a high of $39.85. Yesterday, the shares gained 2.2%, which took the trading range above the 3-day high of $39.12 on volume of 518,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Dick'S Sporting has traded in a range of $29.69 to $41.53 and is now at $39.77, 34% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.2%.

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 :dks dick's sporting

Ticker(s): DKS