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Overstock.Com Falls 11.03% on Heavy Volume: Watch For Potential Rebound

By Amy Schwartz

Overstock.Com (NASDAQ:OSTK) traded in a range yesterday that spanned from a low of $17.80 to a high of $20.46. Yesterday, the shares fell 11.0%, which took the trading range below the 3-day low of $19.13 on volume of 1.2 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, Overstock.Com share prices have been bracketed by a low of $13.05 and a high of $89.80 and are now at $17.99, 38% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 3.1% while the 200-day MA has slid 3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Overstock.Com on August 14th, 2018 by issuing a Downtrend alert when the shares were trading at $34.25. Since that call, shares of Overstock.Com have fallen 40.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders overstock.com

Ticker(s): OSTK