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Watch for Big Lots Inc to Potentially Pullback After Gaining 1.80% Yesterday

By Nick Russo

Big Lots Inc (NYSE:BIG) traded in a range yesterday that spanned from a low of $41.25 to a high of $42.32. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $41.65 on volume of 383,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Big Lots Inc share prices have moved between a 52-week high of $64.42 and a 52-week low of $36.20 and are now trading 16% above that low price at $42.02 per share. The 200-day and 50-day moving averages have moved 0.35% lower and 0.3% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Big Lots Inc on February 2nd, 2018 by issuing a Downtrend alert when the shares were trading at $58.44. Since that call, shares of Big Lots Inc have fallen 29.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders big lots inc

Ticker(s): BIG