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Ollie'S Bargain Bearish Moving Average Crossover Alert (OLLI)

By Nick Russo

Ollie'S Bargain (NASDAQ:OLLI) crossed under its 10-day moving average of $62.43 on a volume of 115K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Ollie'S Bargain share prices have been bracketed by a low of $50.65 and a high of $103.03 and are now at $62.03, 22% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 3.8% while the 200-day MA has slid 0.9%.

SmarTrend is tracking the current trend status for Ollie'S Bargain and will alert subscribers who have OLLI in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses ollie's bargain

Ticker(s): OLLI