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

By Nick Russo

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.

Big Lots Inc share prices have moved between a 52-week high of $64.42 and the current low of $30.94 and are currently at $31.15 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.5%.

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