$OLLI is struggling to go up.it may need some pull back before it goes up
12 months Consensus Price Target: $97.13
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risky PT $55.44
Olli crushed their Er last season but been selling off due to bad news.
With their next Er coming up, i think they are ready to give us a small bounce here for a run.
$OLLI had a big day yesterday, rising 15% on the back of strong Q3 numbers. $OLLI still has room to run as it is still down 32% off its 52-week highs. Here are the highlights from Q3:
Ollie's Bargain Outlet Holdings (NASDAQ:OLLI) is higher after comparable sales fall by 1.4% in Q3 to miss the consensus estimate for a 1.1% drop, but the company's top line and...
OLLI seems breaking down from a H&S formation and continuing downward. Its showing strong downward momentum and Smart money indicator is deep into the negative zone. We think it has good downside potential.
To trade this one Could consider $90 October Puts. Last traded for $7.45
$OLLI Overbought - appears to be topping out on low volume forming a hanging man candlestick today. RSI up close to 90. MFI topped out last week and is already turning down, diverging from price.
Expecting a near term correction out of overbought territory. Targeting mid-80s within 1-2 weeks.
Note: Informational analysis, not investment advice.