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

By James Quinn

Big Lots Inc (NYSE:BIG) traded today at a new 52-week low of $21.18. This new low was reached on below average trading volume as 128,000 shares traded hands, while the average 30-day volume is approximately 1.3 million shares.

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 $21.18, or 61.7% below the average consensus analyst price target of $55.36. Big Lots Inc shares should first meet resistance at the 50-day moving average (MA) of $26.49 and find additional resistance at the 200-day MA of $32.86.

Big Lots Inc share prices have moved between a 52-week high of $50.35 and the current low of $21.18 and are currently at $21.18 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has declined 1.1%.

SmarTrend recommended that its subscribers protect gains by selling shares of Big Lots Inc on May 14th, 2019 by issuing a Downtrend alert when the shares were trading at $33.81. Since that call, shares of Big Lots Inc have fallen 35.3%. 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