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

By Shiri Gupta

Big Lots Inc (NYSE:BIG) shares have crossed bullishly above their 10-day moving average of $41.85 on a volume of 207K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Big Lots Inc has traded in a range of $39.48 to $64.42 and is now at $42.35, 7% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.2% while the 200-day MA has slid 0.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of Big Lots Inc on February 2nd, 2018 by issuing a Downtrend alert when the shares were trading at $58.44. Since that call, shares of Big Lots Inc have fallen 28.7%. 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