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Big Lots Bearish Moving Average Crossover Alert (BIG)

By Shiri Gupta

Big Lots (NYSE:BIG) crossed under its 10-day moving average of $47.63 on a volume of 114K 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.

Big Lots share prices have moved between a 52-week high of $56.30 and a 52-week low of $33.78 and are now trading 40% above that low price at $47.45 per share. The 200-day and 50-day moving averages have moved 0.12% higher and 1.32% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Big Lots on August 30th, 2016 by issuing a Downtrend alert when the shares were trading at $50.63. Since that call, shares of Big Lots have fallen 5.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses big lots

Ticker(s): BIG