The shares of discount retailer Big Lots (BIG) have been skimming along right underneath the $29 region — home to BIG’s year-to-date breakeven level — since an earnings beat launched the stock higher earlier this month. Specifically, BIG just came within one standard deviation of its 200-day moving average after a lengthy period south of here. One month later, the stock was higher just 14% of the time, and averaged a 10.38% drop. Daily stock chart BIG Schaeffer'sDespite Big Lot’s bang-up month, short sellers have held fast to their bearish convictions. Visit SchaeffersResearch.com to discover how you can use stock options to complement your investing portfolio.

Source: Forbes December 17, 2019 18:45 UTC