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Overstock.Com Set to Possibly Rebound After Yesterday's Selloff of 9.06%

By David Diaz

Overstock.Com (NASDAQ:OSTK) traded in a range yesterday that spanned from a low of $9.57 to a high of $9.87. Yesterday, the shares fell 9.1%, which took the trading range below the 3-day low of $9.58 on volume of 457,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Overstock.Com have traded between a low of $9.06 and a high of $84.40 and are now at $9.64, which is 6% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 5.5%.

SmarTrend is tracking the current trend status for Overstock.Com and will alert subscribers who have OSTK in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders overstock.com

Ticker(s): OSTK