• Return to Headlines

Watch for Big Lots Inc to Potentially Rebound After Falling 2.42% Yesterday

By Shiri Gupta

Big Lots Inc (NYSE:BIG) traded in a range yesterday that spanned from a low of $46.32 to a high of $47.72. Yesterday, the shares fell 2.4%, which took the trading range below the 3-day low of $46.55 on volume of 626,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Big Lots Inc has traded in a range of $42.40 to $64.42 and is now at $46.37, 9% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has remained constant.

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 18.8%. 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