• Return to Headlines

After Yesterday's Decline of 6.57%, Ollie'S Bargain Offers Investors Better Value

By David Diaz

Ollie'S Bargain (NASDAQ:OLLI) traded in a range yesterday that spanned from a low of $59.50 to a high of $62.37. Yesterday, the shares fell 6.6%, which took the trading range below the 3-day low of $63.60 on volume of 1.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Ollie'S Bargain share prices have moved between a 52-week high of $66.46 and a 52-week low of $22.25 and are now trading 175% above that low price at $61.10 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

SmarTrend is tracking the current trend status for Ollie'S Bargain and will alert subscribers who have OLLI in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders ollie's bargain

Ticker(s): OLLI