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Shares of Big Lots Inc Has Fallen Below Previous 52-Week Low

By Amy Schwartz

Shares of Big Lots Inc (NYSE:BIG) traded today at $41.04, breaking its 52-week low. Approximately 304,000 shares have changed hands today, as compared to an average 30-day volume of 745,000 shares.

Over the past year, Big Lots Inchas traded in a range of $41.04 to $64.42 and are now at $42.03. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has remained constant.

Big Lots, Inc. is a broadline closeout retailer that operates stores across the United States. The Company's stores offer an assortment of merchandise, including consumables, seasonal products, furniture, housewares, toys, and gifts.

Big Lots Inc has overhead space with shares priced $42.03, or 34.0% below the average consensus analyst price target of $63.64. Big Lots Inc shares should first meet resistance at the 200-day moving average (MA) of $43.26 and find additional resistance at the 50-day MA of $44.87.

SmarTrend recommended that its subscribers protect gains by selling shares of Big Lots Inc on February 2nd, 2018 by issuing a Downtrend alert when the shares were trading at $58.44. Since that call, shares of Big Lots Inc have fallen 28.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows big lots inc

Ticker(s): BIG