Bed Bath & Beyond Crosses Below its 10-day MA (BBBY)
Today, shares of Bed Bath & Beyond (NASDAQ:BBBY) have crossed bearishly below their 10-day moving average of $44.75 on a volume of 446K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
Bed Bath & Beyond share prices have moved between a 52-week high of $74.21 and a 52-week low of $41.26 and are now trading 7% above that low price at $44.01 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has slid 0.8%.
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 3.3%. 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