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Downgrade Alert for Dick's Sporting Goods (DKS)

By David Diaz

Dick's Sporting Goods (NYSE:DKS) was downgraded from Equal Weight to Underweight at Morgan Stanley today. The stock closed yesterday at $44.87 on volume of 2.4 million shares, above average daily volume of 1.3 million.

Dick's Sporting Goods, Inc. is a sporting goods retailer that operates stores primarily in the eastern and central United States. The Company's stores offer a broad selection of brand name sporting goods equipment, apparel, and footwear.

There is potential upside of 2.7% for shares of Dick's Sporting Goods based on a current price of $44.87 and an average consensus analyst price target of $46.09. The stock should hit resistance at its 50-day moving average (MA) of $45.74, as well as support at its 200-day MA of $44.13.

Over the past year, Dick's Sporting Goods has traded in a range of $33.42 to $56.94 and closed yesterday at $44.87, 34% above that low. The 200-day and 50-day moving averages have moved 0.21% lower and 1.16% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Dick's Sporting Goods and will alert subscribers who have DKS in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades dick's sporting goods

Ticker(s): DKS