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Watch for Dick'S Sporting to Potentially Pullback After Gaining 2.48% Yesterday

By Amy Schwartz

Dick'S Sporting (NYSE:DKS) traded in a range yesterday that spanned from a low of $37.45 to a high of $38.37. Yesterday, the shares gained 2.5%, which took the trading range above the 3-day high of $38.06 on volume of 659,000 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 its subscribers protect gains by selling shares of Dick'S Sporting on May 12th, 2017 by issuing a Downtrend alert when the shares were trading at $47.00. Since that call, shares of Dick'S Sporting have fallen 21.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, Dick'S Sporting share prices have been bracketed by a low of $35.87 and a high of $62.88 and are now at $38.08, 6% above that low price. 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