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Overstock.Com Crosses Above its 10-day MA (OSTK)

By Nick Russo

Overstock.Com (NASDAQ:OSTK) crossed over its 10-day moving average of $26.75 on a volume of 481K 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, shares of Overstock.Com have traded between a low of $13.05 and a high of $89.80 and are now at $28.20, which is 116% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has declined 2.6%.

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 22.5%. 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