Big Lots (BIG) NewsBite - BIG Is On the Move

Posted: Monday, October 19, 2009 11:23 AM EDT

Big Lots (BIG) appears to be on the move today and is now at $27.89, up $0.80 (2.95%) on volume of 616,957 shares traded. Over the last 52 weeks the stock has ranged from a low of $12.62 to a high of $28.50. Big Lots stock has been showing support around $26.48 and resistance in the $27.68 range. Technical indicators for the stock are neutral and S&P gives BIG a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on BIG the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 25 range. [ABR-Seven Summits Strategic Investments NewsBite]

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