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Bed Bath & Beyond Bullish Moving Average Crossover Alert (BBBY)

By Shiri Gupta

Today, shares of Bed Bath & Beyond (NASDAQ:BBBY) have advanced above their 10-day MA of $44.48 on a volume of 399K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Bed Bath & Beyond has traded in a range of $41.15 to $74.21 and is now at $44.60, 8% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Bed Bath & Beyond on April 11th, 2016 by issuing a Downtrend alert when the shares were trading at $47.08. Since that call, shares of Bed Bath & Beyond have fallen 6.1%. 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