Stock Investors Sell Off Shares of Dick's Sporting Goods, Down 1.5%

Published on Mon, 01/14/2013 - 13:28
By Robert Cotter in Market movers, dks, dick's sporting goods, market movers, nyse:dks

One of today's stocks on the move is Dick's Sporting Goods (NYSE:DKS), down 1.5% to $46.55. The Dow Jones Industrial Average is now trading fractionally higher to 13,494 and the S&P is trading 0.2% lower to 1,469.

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.

In the past 52 weeks, shares of Dick's Sporting Goods have traded between a low of $39.84 and a high of $54.24 and are now at $46.55, which is 17% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.7%.

There is potential upside of 26.3% for shares of Dick's Sporting Goods based on a current price of $46.55 and an average consensus analyst price target of $58.79. The stock should run into initial resistance at its 50-day moving average (MA) of $48.90 and subsequent resistance at its 200-day MA of $49.25.

By Robert Cotter
rcotter@fnno.com

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