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Big Lots Inc Bullish Moving Average Crossover Alert (BIG)

By David Diaz

Big Lots Inc (NYSE:BIG) shares have crossed bullishly above their 10-day moving average of $21.24 on a volume of 131K 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 Inc share prices have been bracketed by a low of $19.83 and a high of $50.35 and are now at $21.63, 9% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1% while the 50-day MA has declined 1.7%.

SmarTrend recommended that its subscribers protect gains by selling shares of Big Lots Inc on May 14th, 2019 by issuing a Downtrend alert when the shares were trading at $33.81. Since that call, shares of Big Lots Inc have fallen 38.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses big lots inc

Ticker(s): BIG