The Hourly View for BIG
BIG (Get Ratings)’s 45.7 Big Lots Inc in the hour prior was especially unusual given the typical amount recorded over the past 30 hour. BIG has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 hour timeframes. Most noteworthy in the world of moving averages on the hourly chart is that the 100, 20 and 50 hour moving averages have been crossed, with price now being above them. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
Out of Retail stocks, BIG ranks 20th in regards to today’s price percentage change.
BIG’s Technical Outlook on the Daily Chart
Currently, BIG’s price is up $0.86 (1.93%) from the day prior. This is the 2nd day in a row BIG has seen its price head up. From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 day timeframes. Of note is that the 50 day changed directions on BIG; it is now pointing up. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. Big Lots Inc’s price action over the past 90 days can be seen via the chart below.
BIG: Daily RSI Analysis
- BIG’s RSI now stands at 69.1729.
- BIG and RSI may be exhibiting divergent trends. This may be something to monitor.
500 – Internal server error
For BIG News Traders
Investors and traders in BIG may be particularly interested in the following story that came out in the past day:
Big Lots’ new holiday ad campaign features celebrity ‘BIGionaires’ Molly Shannon, Eric Stonestreet
Big Lots, Inc. (NYSE: BIG), one of the largest discount retailers in the U.S., is encouraging customers to go BIG this holiday in a new ad campaign featuring familiar TV personalities and celebrity “BIGionaires” Molly Shannon of “Saturday Night Live” fame and Eric Stonestreet from “Modern Family.” The campaign, airing now, comes to life in a series of spots deployed across local and national television, radio, digital, video, mobile and social channels as well as in stores.
Want More Great Investing Ideas?