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After Yesterday's Decline of 4.48%, Overstock.Com Offers Investors Better Value

By James Quinn

Overstock.Com (NASDAQ:OSTK) traded in a range yesterday that spanned from a low of $20.27 to a high of $20.32. Yesterday, the shares fell 4.5%, which took the trading range below the 3-day low of $21.21 on volume of 594,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Overstock.Com has traded in a range of $12.33 to $84.40 and is now at $20.27, 64% above that low. The 200-day and 50-day moving averages have moved 0.87% lower and 2.47% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Overstock.Com on January 25th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $17.57. Since that recommendation, shares of Overstock.Com have risen 20.8%. We continue to monitor OSTK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders overstock.com

Ticker(s): OSTK