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Big Lots Inc Set to Possibly Rebound After Yesterday's Selloff of 2.48%

By James Quinn

Big Lots Inc (NYSE:BIG) traded in a range yesterday that spanned from a low of $28.20 to a high of $28.96. Yesterday, the shares fell 2.5%, which took the trading range below the 3-day low of $28.91 on volume of 523,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Big Lots Inc on May 14th, 2019 by issuing a Downtrend alert when the shares were trading at $33.81. Since that call, shares of Big Lots Inc have fallen 14.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, Big Lots Inc share prices have been bracketed by a low of $25.73 and a high of $50.35 and are now at $28.24, 10% above that low price. The 200-day and 50-day moving averages have moved 0.97% lower and 2.1% lower over the past week, respectively.

Keywords: rebounders big lots inc

Ticker(s): BIG