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

By Shiri Gupta

Today, shares of Bed Bath &Beyond (NASDAQ:BBBY) have crossed bullishly above their 10-day moving average of $27.70 on a volume of 350K shares. This may provide swing traders with an opportunity 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 $26.96 to $48.83 and is now at $28.08, 4% above that low. 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 35.2%. 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