• Return to Headlines

Possible Bearish Inside Day Candle Pattern Detected for Dick'S Sporting (:DKS)

By James Quinn

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Dick'S Sporting (:DKS) based on the price action in the company's shares. Yesterday's price range of $45.75 and $47.29 is within the prior day's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Owners of Dick'S Sporting may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

Dick'S Sporting (:DKS) is currently priced 24.8% above its average consensus analyst price target of $34.50. Dick'S Sporting shares have support at the 50-day moving average (MA) of $39.80 and additional support at the 200-day MA of $37.12.

In the past 52 weeks, Dick'S Sporting share prices have been bracketed by a low of $29.69 and a high of $47.61 and closed yesterday at $45.89, 55% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.8%.

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

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: bearish am inside day candle :dks dick's sporting

Ticker(s): DKS