DKS Faces Resistance as EMAs Turn Bearish
BearishDICK'S Sporting Goods Inc (DKS) traded flat at $210.25 on December 29.
Technical indicators paint a bearish picture:
Moving Averages
Price sits below both the 9-day ($211.05) and 21-day ($213.04) EMAs, suggesting short-term weakness.
Momentum
RSI at 51.0 is in neutral territory but trending lower. MACD is bearish (-2.00 vs signal -1.66).