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Bearish Moving Average Cross by Overstock.Com (OSTK)

By Amy Schwartz

Overstock.Com (NASDAQ:OSTK) crossed under its 10-day moving average of $38.10 on a volume of 342K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Overstock.Com has traded in a range of $13.05 to $89.80 and is now at $37.90, 190% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.4%.

SmarTrend is monitoring the recent change of momentum in Overstock.Com. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Overstock.Com in search of a potential trend change.

Keywords: moving crosses overstock.com

Ticker(s): OSTK