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Shares of Overstock.Com Are Down on Strong Volume (OSTK)

By Nick Russo

Overstock.Com shares are trading on heavy volume today, having fallen -10.8% to $29.60. Today's volume of 5.3 million shares tops the average 30-day volume of 4.8 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

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

In the past 52 weeks, Overstock.Com share prices have been bracketed by a low of $9.06 and a high of $84.40 and are now at $26.72, 195% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.8%.

Keywords: unusual volume overstock.com

Ticker(s): OSTK