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  • Writer's pictureT. Livingston

OLLI- Great Action Off The 50-Day

Olli's Bargain Outlet, $OLLI, has shown some nice action off the 50-day moving average recently. I really like the way it has pulled back calmly to the 50-day moving average and is bouncing here. I'm taking a position on this one for a swing trade with a stop loss below the 50-day moving average. Earnings are to be announced in late August. This is important to note since earnings are a very risky time for a stock. If it starts to turn down prior to the earnings announcement, I will be sure my risk is in check prior to the announcement to avoid the possibility of a large loss.

Full Disclosure: Olli is a stock I currently own.

Disclaimer: This information is issued solely for informational and educational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. None of the information contained in this post constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. From time to time, the content creator or its affiliates may hold positions or other interests in securities mentioned in this blog or the associated Twitter and Instagram feeds. The stock or stocks presented are not to be considered a recommendation to buy any stock or stocks. This material does not take into account your particular investment objectives. Investors should consult their own financial or investment adviser before trading or acting upon any information provided. Past performance is not indicative of future results.


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