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Overstock.Com Bullish Moving Average Crossover Alert (OSTK)

By Shiri Gupta

Today, shares of Overstock.Com (NASDAQ:OSTK) have advanced above their 10-day MA of $9.77 on a volume of 225K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Overstock.Com have traded between a low of $9.06 and a high of $84.40 and are now at $10.05, which is 11% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.6% while the 50-day MA has declined 3.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Overstock.Com on March 25th, 2019 by issuing a Downtrend alert when the shares were trading at $17.68. Since that call, shares of Overstock.Com have fallen 45.8%. 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