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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 $27.49 on a volume of 508K 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 $13.05 and a high of $89.80 and are now at $27.90, which is 114% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1% while the 200-day MA has slid 1.1%.

SmarTrend recommended that its subscribers protect gains by selling shares of Overstock.Com on August 14th, 2018 by issuing a Downtrend alert when the shares were trading at $34.25. Since that call, shares of Overstock.Com have fallen 21.0%. 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