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Ollie'S Bargain: 52-Week High Recently Eclipsed (OLLI)

By Amy Schwartz

Ollie'S Bargain (NASDAQ:OLLI) traded today at a new 52-week high of $69.85. Approximately 170,000 shares have changed hands today, as compared to an average 30-day volume of 524,000 shares.

Ollie'S Bargain (NASDAQ:OLLI) defies analysts with a current price ($69.72) 18.7% above its average consensus price target of $56.67. The stock should discover initial support at its 50-day moving average (MA) of $23.71 and subsequent support at its 200-day MA of $19.42.

In the past 52 weeks, shares of Ollie'S Bargain have traded between a low of $22.25 and a high of $69.85 and are now at $69.72, which is 213% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.7%.

Ollie's Bargain Outlet Holdings, Inc. operates a chain of retail stores that offers brand name products at discounted and closeout prices. The Company provides products, including housewares, food, books and stationery, bed and bath, floor coverings, toys, and hardware.

SmarTrend recommended that subscribers consider buying shares of Ollie'S Bargain on February 22nd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $57.50. Since that recommendation, shares of Ollie'S Bargain have risen 18.9%. We continue to monitor OLLI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows ollie's bargain

Ticker(s): OLLI