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Big Lots Crosses Above its 10-day MA (BIG)

By David Diaz

Today, shares of Big Lots (NYSE:BIG) have advanced above their 10-day MA of $47.24 on a volume of 164K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Big Lots share prices have been bracketed by a low of $33.78 and a high of $56.30 and are now at $47.37, 40% 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 advanced 1.3%.

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 7.0%. 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