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

By James Quinn

Big Lots Inc (NYSE:BIG) crossed over its 10-day moving average of $28.39 on a volume of 183K 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 $25.73 to $50.35 and is now at $28.60, 11% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 1.3%.

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 18.5%. 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