Tuesday, October 01, 2019 1:14:59 PM
In late August, the shares of Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) tumbled after reporting earnings that failed to impress Wall Street. The stock topped out in May 2019 at $103.03 a share. Since that high pivot, the share have plunged by nearly 45.0%. Currently, OLLI stock is trading around the $57.50 level. While many traders and investors are thinking that a bottom has been made the stock it still trades below its 50 and 100-week moving averages. This tells me that the stock is still in a weak technical position on the charts. The important 200-week moving average has not been tested yet as it sits around the $52.73 level, but the longer the stock trades sideways above that area the more that moving average becomes minor support on the charts. My key buy level for OLLI stock will be around the $45.00 area. This important level is where the stock broke out in December 2017. As many of you know by now, I like stocks that retest their old break-out levels. These levels are usually defended by the institutional crowd.
Nick Santiago
InTheMoneyStocks
Recent OLLI News
- Ollie’s Bargain Outlet Holdings, Inc. Reports Fourth Quarter and Fiscal 2023 Financial Results • GlobeNewswire Inc. • 03/20/2024 11:30:00 AM
- U.S. Index Futures Trade Sideways Amid Anticipation of Fed’s Policy Update; Oil Prices Dip • IH Market News • 03/20/2024 11:17:32 AM
- Ollie’s Bargain Outlet Holdings, Inc. Announces Fourth Quarter and Full-Year Fiscal 2023 Release Date and Conference Call Information • GlobeNewswire Inc. • 03/06/2024 12:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/22/2024 09:35:40 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/22/2024 09:35:22 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/20/2024 09:34:47 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/20/2024 09:34:17 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/16/2024 09:57:01 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/09/2024 10:21:09 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/15/2023 09:30:16 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 12/13/2023 09:27:50 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 12/06/2023 09:06:14 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/06/2023 12:40:19 PM
- Ollie’s Bargain Outlet Holdings, Inc. Reports Third Quarter Fiscal 2023 Financial Results • GlobeNewswire Inc. • 12/06/2023 12:30:00 PM
- Mastercard Boosts Buyback and Dividends, Bill Holdings Cuts Jobs, BOX, Asana, MongoDB Dip in Pre-Market, and Latest News • IH Market News • 12/06/2023 11:45:59 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/01/2023 09:07:45 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/01/2023 02:24:21 PM
- Ollie’s Bargain Outlet Holdings, Inc. Expands Board of Directors with the Appointment of Mary Baglivo • GlobeNewswire Inc. • 12/01/2023 02:17:44 PM
- Ollie’s Bargain Outlet Holdings, Inc. Announces Third Quarter Fiscal 2023 Release Date and Conference Call Information • GlobeNewswire Inc. • 11/22/2023 12:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/19/2023 08:17:34 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/19/2023 08:17:00 PM
- OLLIE'S OPENS FIRST IOWA STORE AND RAISES MONEY FOR UNIVERSITY OF IOWA STEAD FAMILY CHILDREN'S HOSPITAL • PR Newswire (US) • 09/27/2023 04:30:00 PM
- OLLIE'S CELEBRATES 500th STORE OPENING AND CONSTRUCTION MILESTONE OF ITS NEW ILLINOIS DISTRIBUTION CENTER • PR Newswire (US) • 09/27/2023 04:30:00 PM
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Kona Gold Beverages, Inc. Prepares for First Production Run Set to Launch May 17, 2024 • KGKG • Apr 22, 2024 8:30 AM
VPR Brands LP Reports Record Annual Financial Performance for Fiscal Year 2023 • VPRB • Apr 19, 2024 11:24 AM
Coinllectibles' Subsidiary, Grand Town Development Limited, Acquires Rare Song Dynasty Ceramics Worth Over USD28million • COSG • Apr 18, 2024 8:03 AM
ILUS Provides Form 10-K Filing Update • ILUS • Apr 17, 2024 9:54 AM