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Big Lots Inc Set to Possibly Rebound After Yesterday's Selloff of 22.70%

By David Diaz

Big Lots Inc (NYSE:BIG) traded in a range yesterday that spanned from a low of $30.94 to a high of $34.04. Yesterday, the shares fell 22.7%, which took the trading range below the 3-day low of $40.26 on volume of 7.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Big Lots Inc share prices have been bracketed by a current low of $30.94 and a high of $64.42 and are now at $31.15. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Big Lots Inc on August 31st, 2018 by issuing a Downtrend alert when the shares were trading at $42.90. Since that call, shares of Big Lots Inc have fallen 6.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders big lots inc

Ticker(s): BIG