Bed Bath &Beyond Crosses Above its 10-day MA (BBBY)

Written onThu, 08/24/2017 - 10:38am

By Nick Russo

Bed Bath &Beyond (NASDAQ:BBBY) shares have crossed bullishly above their 10-day moving average of $27.81 on a volume of 569K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Bed Bath &Beyond have traded between a low of $26.96 and a high of $48.83 and are now at $28.03, which is 4% above that low price. The 200-day and 50-day moving averages have moved 0.37% lower and 1.18% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Bed Bath &Beyond on December 22nd, 2016 by issuing a Downtrend alert when the shares were trading at $42.60. Since that call, shares of Bed Bath &Beyond have fallen 35.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses bed bath &beyond

Ticker(s): BBBY


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