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Shares of Overstock.Com Has Risen Above Previous 52-Week High

By Shiri Gupta

Shares of Overstock.Com (NASDAQ:OSTK) traded at a new 52-week high today of $22.35. Approximately 206,000 shares have changed hands today, as compared to an average 30-day volume of 61,000 shares.

There is potential upside of 11.9% for shares of Overstock.Com based on a current price of $22.33 and an average consensus analyst price target of $25.00. The stock should find initial support at its 200-day moving average (MA) of $15.59 and further support at its 50-day MA of $14.88.

In the past 52 weeks, Overstock.Com share prices have been bracketed by a low of $13.05 and a high of $22.35 and are now at $22.33, 71% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has slid 1%.

Overstock.com, Inc. offers discounted brand-name merchandise for sale over the internet. Products include bed-and-bath goods, kitchenware, jewelry, sporting goods, electronics, and designer accessories.

SmarTrend recommended that subscribers consider buying shares of Overstock.Com on June 19th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $16.15. Since that recommendation, shares of Overstock.Com have risen 35.9%. We continue to monitor OSTK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows overstock.com

Ticker(s): OSTK