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Bearish Moving Average Cross by Big Lots (BIG)

By Shiri Gupta

Today, shares of Big Lots (NYSE:BIG) have fallen below their 10-day MA of $48.41 on a volume of 264K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Big Lots has traded in a range of $33.78 to $56.54 and is now at $47.51, 41% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.3%.

SmarTrend is tracking the current trend status for Big Lots and will alert subscribers who have BIG in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses big lots

Ticker(s): BIG