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After Yesterday's Decline of 7.73%, Overstock.Com Offers Investors Better Value

By Nick Russo

Overstock.Com (NASDAQ:OSTK) traded in a range yesterday that spanned from a low of $52.30 to a high of $58.30. Yesterday, the shares fell 7.7%, which took the trading range below the 3-day low of $57.65 on volume of 2.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Overstock.Com and will alert subscribers who have OSTK in their portfolio or watchlist when shares have changed trend direction.

Over the past year, Overstock.Com has traded in a range of $13.05 to $89.80 and is now at $52.92, 306% above that low. The 200-day and 50-day moving averages have moved 1% lower and 0.45% higher over the past week, respectively.

Keywords: rebounders overstock.com

Ticker(s): OSTK