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Bearish Moving Average Cross by Bed Bath &Beyond (BBBY)

By Amy Schwartz

Bed Bath &Beyond (NASDAQ:BBBY) crossed under its 10-day moving average of $18.21 on a volume of 1.5 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Bed Bath &Beyond has traded in a range of $16.52 to $29.63 and is now at $17.82, 8% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.3%.

SmarTrend is monitoring the recent change of momentum in Bed Bath &Beyond. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Bed Bath &Beyond in search of a potential trend change.

Keywords: moving crosses bed bath &beyond

Ticker(s): BBBY