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After Yesterday's Rally of 2.36% Shares Could Potentially Pullback

By James Quinn

Big Lots Inc (NYSE:BIG) traded in a range yesterday that spanned from a low of $55.62 to a high of $57.24. Yesterday, the shares gained 2.4%, which took the trading range above the 3-day high of $56.28 on volume of 277,000 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 monitoring the recent change of momentum in Big Lots Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Big Lots Inc in search of a potential trend change.

In the past 52 weeks, shares of Big Lots Inc have traded between a low of $42.40 and a high of $60.20 and are now at $57.01, which is 34% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.3%.

Keywords: rebounders big lots inc

Ticker(s): BIG