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Ollie'S Bargain Falls 1.46% on Heavy Volume: Watch For Potential Rebound

By Amy Schwartz

Ollie'S Bargain (NASDAQ:OLLI) traded in a range yesterday that spanned from a low of $78.10 to a high of $80.61. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $78.81 on volume of 494,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Ollie'S Bargain has traded in a range of $50.65 to $97.61 and is now at $79.07, 56% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.1%.

SmarTrend is monitoring the recent change of momentum in Ollie'S Bargain. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Ollie'S Bargain in search of a potential trend change.

Keywords: rebounders ollie's bargain

Ticker(s): OLLI