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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 $29.03 on a volume of 797K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Bed Bath &Beyond share prices have been bracketed by a low of $28.33 and a high of $48.83 and are now at $28.83, 2% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 1.2%.

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 31.3%. 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