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Upgrade Alert for Dick's Sporting Goods (DKS)

By Amy Schwartz

Dick's Sporting Goods (NYSE:DKS) was upgraded from Sector Perform to Outperform at RBC Capital today. The stock closed yesterday at $49.97 on volume of 4.3 million shares, above average daily volume of 1.3 million.

In the past 52 weeks, shares of Dick's Sporting Goods have traded between a low of $33.42 and a high of $56.94 and closed yesterday at $49.97, which is 50% 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%.

Dick's Sporting Goods (NYSE:DKS) is currently priced 7.8% above its average consensus analyst price target of $46.09. Dick's Sporting Goods shares have support at the 50-day moving average (MA) of $45.74 and additional support at the 200-day MA of $44.13.

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.

SmarTrend recommended that subscribers consider buying shares of Dick's Sporting Goods on June 30th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $44.38. Since that recommendation, shares of Dick's Sporting Goods have risen 9.7%. We continue to monitor DKS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst upgrades/downgrades dick's sporting goods

Ticker(s): DKS