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Watch for Ollie'S Bargain to Potentially Pullback After Gaining 2.15% Yesterday

By Shiri Gupta

Ollie'S Bargain (NASDAQ:OLLI) traded in a range yesterday that spanned from a low of $57.29 to a high of $59.13. Yesterday, the shares gained 2.2%, which took the trading range above the 3-day high of $57.45 on volume of 293,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Ollie'S Bargain share prices have been bracketed by a low of $50.65 and a high of $103.03 and are now at $58.43, 15% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.6% while the 200-day MA has slid 0.6%.

SmarTrend is tracking the current trend status for Ollie'S Bargain and will alert subscribers who have OLLI in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders ollie's bargain

Ticker(s): OLLI