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After Yesterday's Rally of 1.67% Shares Could Potentially Pullback

By Shiri Gupta

Ollie'S Bargain (NASDAQ:OLLI) traded in a range yesterday that spanned from a low of $68.85 to a high of $70.15. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $69.95 on volume of 460,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

In the past 52 weeks, shares of Ollie'S Bargain have traded between a low of $38.45 and a high of $77.50 and are now at $69.75, which is 81% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 1.0%.

Keywords: rebounders ollie's bargain

Ticker(s): OLLI