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

By Shiri Gupta

Today, shares of Big Lots Inc (NYSE:BIG) have crossed bullishly above their 10-day moving average of $25.58 on a volume of 615K 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.

In the past 52 weeks, shares of Big Lots Inc have traded between a low of $23.04 and a high of $50.35 and are now at $25.93, which is 13% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.7% while the 200-day MA has slid 0.7%.

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 25.5%. 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