HomeMarket NewsStruggling Ollie's Bargain Outlet Holdings Faces Significant Dip Below 200-Day Moving Average

Struggling Ollie’s Bargain Outlet Holdings Faces Significant Dip Below 200-Day Moving Average

Actionable Trade Ideas

always free

A Downturn in Trading

In a distressing turn of events on Tuesday, the stock of Ollie’s Bargain Outlet Holdings Inc (Symbol: OLLI) plummeted below its 200-day moving average of $73.69. The shares tumbled to a staggering $71.50 per share, marking a 2.2% decline in a single day. This unfortunate downward trend raises concerns among investors and analysts alike.

The Performance Plunge

A visual representation of OLLI’s performance over the past year showcases a significant deviation from its 200-day moving average. The sharp contrast between the stock’s low of $52.93 and its high of $84.38 illustrates the volatility and unpredictability of the current trading landscape. The recent closing price of $72.49 reflects a turbulent journey for Ollie’s Bargain Outlet Holdings.

Ollie's Bargain Outlet Holdings Inc 200 Day Moving Average Chart

nslideshow Curious about other stocks facing a similar downtrend? Click here to explore the nine other stocks that recently dipped below their 200-day moving average.

Additional Insights:

  • PDT YTD Return
  • ESAU Videos
  • ENR Insider Buying

The opinions presented herein reflect those of the author and may not align with those of Nasdaq, Inc.

Swing Trading Ideas and Market Commentary

Need some new swing ideas? Get free weekly swing ideas and market commentary from Jonathan Bernstein here: Swing Trading.

Explore More

Weekly In-Depth Market Analysis and Actionable Trade Ideas

Get institutional-level analysis and trade ideas to take your trading to the next level, sign up for free and become apart of the community.