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Possible Trend Reversal, Overstock.Com Down on Heavy Volume (OSTK)

By David Diaz

The price of Overstock.Com shares has slipped to $10.31 (a 20.0% change) on heavy trading volume. Approximately 2.6 million shares have changed hands today vs. average 30-day volume of 2.1 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

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.

In the past 52 weeks, shares of Overstock.Com have traded between a low of $10.91 and a high of $84.40 and are now at $10.91, which is 0% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 3.3% while the 200-day MA has slid 1.8%.

Keywords: unusual volume overstock.com

Ticker(s): OSTK