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Upgrade Alert for Dick's Sporting Goods (DKS)

By Shiri Gupta

Dick's Sporting Goods (NYSE:DKS) was upgraded from Perform to Outperform at Oppenheimer today. The stock closed yesterday at $60.36 on volume of 2.1 million shares, above average daily volume of 1.3 million.

Dick's Sporting Goods (NYSE:DKS) is currently priced 23.6% 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.

Over the past year, Dick's Sporting Goods has traded in a range of $33.42 to $60.40 and closed yesterday at $60.36, 81% 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 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 32.2%. 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