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Overstock.com Stock Chart Buy Level

Shares of Overstock.com (OSTK) have collapsed after running from $2.50 in March 2020 to a high of over $128.50 in August, 2020. The stock finds itself at $52.26. The manic panic pandemic buying has faded and it is now returning to a second rate online retailer. Having said that, there is always a trading opportunity for smart swing traders. Based on the Overstock.com stock chart buy analysis, key support comes in when it trades into $30.00. This is the former major pivot from 2019. It also represents the major breakout that took the stock sharply higher in just weeks to $128.50. As a smart swing trader, I will remain patient until the stock retraces there, then buy it for a major bounce. Upside should easily be 50% off this level.

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Overstock.com stock chart buy seen below…