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Bullish Moving Average Cross by Overstock.Com (OSTK)

By David Diaz

Overstock.Com (NASDAQ:OSTK) shares have crossed bullishly above their 10-day moving average of $37.43 on a volume of 514K 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, Overstock.Com share prices have been bracketed by a low of $13.05 and a high of $89.80 and are now at $38.63, 196% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1% while the 50-day MA has advanced 0.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of Overstock.Com on March 14th, 2018 by issuing a Downtrend alert when the shares were trading at $49.72. Since that call, shares of Overstock.Com 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 overstock.com

Ticker(s): OSTK