Schaeffer's Top Stock Picks for '25

Bargain Retail Stock Due for a Rebound

The stock has been on a downturn since its mid-December highs

Deputy Editor
Jan 14, 2025 at 2:35 PM
facebook X logo linkedin


Discount retail stock Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) has been on an extended descent since its Dec. 20, three-year high of $120.00. Down 1.3% at $99.93 at last glance, the stock is headed for its ninth loss in the last 11 sessions.

The 126-day moving average, which represents half a year's worth of trading, appears to be providing support today, however. And given it's history as a bullish trendline for the stock, it could soon provide OLLI with a jumping off point. 

Per Schaeffer's Senior Quantitative Analyst Rocky White, Ollie's Bargain Outlet stock has come within striking distance of its 126-day moving average after a lengthy period above it (defined by White as 80% of the time over the past two months and 8 of the last 10 trading days) five other times over the last three years. The stock was higher one month later after 60% of these signals, averaging a 5.2% gain.   

OLLI Jan14

The stock's "oversold" condition points to a potential short-term rebound as well. Specifically, OLLI's 14-day relative strength index (RSI) of 16.5 sits firmly in this territory. 

Meanwhile, options look like a good way to go when weighing in on the stock. Its Schaeffer's Volatility Index (SV) of 34% ranks in the 16th percentile of its annual range, meaning options traders are pricing in low volatility expectations. 

 
 

You have the chance to join one of Bernie's most exclusive programs, complete access at HUGE savings!

As we prepare for a new administration to take the reins in Washington, the near-term market landscape is rife with uncertainty.

The Federal Reserve has already hinted at the turbulence ahead, lowering its interest rate outlook for 2025.

Meanwhile, breakthroughs in artificial intelligence (AI), quantum computing, and other transformative sectors have unlocked incredible profit potential.

But these opportunities are fleeting, and timing is everything. That's where Quick-Hit Trader comes in.

Quick-Hit Trader is designed for precision and speed, getting you in and out of the market in a flash. While other investors scramble to navigate volatile conditions, you'll have access to expertly curated trades that leverage these rapid shifts to deliver explosive profits in short order.

This is your chance to capitalize on the fast-moving market like never before. Are you ready to make your move?

 

 

(function(doc, script) { var js, fjs = doc.getElementsByTagName(script)[0], frag = doc.createDocumentFragment(), add = function(url, id) { if (doc.getElementById(id)) {return;} js = doc.createElement(script); js.src = url; id && (js.id = id); frag.appendChild( js ); }; // Google+ button //add('https://apis.google.com/js/platform.js', async="defer"); // Facebook SDK add('//connect.facebook.net/en_US/all.js#xfbml=1&appId=772755279557744', 'facebook-jssdk'); // Twitter SDK //add('//platform.twitter.com/widgets.js', charset='utf-8'); fjs.parentNode.insertBefore(frag, fjs); }(document, 'script'));