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Bed Bath & Beyond: The Losing Streak Continues (BBBY)

By David Diaz

Shares of Bed Bath & Beyond (NASDAQ:BBBY) traded today at $37.79, breaking its 52-week low. So far today approximately 139,000 shares have been exchanged, as compared to an average 30-day volume of 2.4 million shares.

In the past 52 weeks, Bed Bath & Beyond share prices have been bracketed by a current low of $37.79 and a high of $74.21 and are now at $37.87. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 0.3%.

Bed Bath & Beyond Inc. operates a nationwide chain of retail stores. The Company, through its retail stores, sells a wide assortment of merchandise principally including domestics merchandise and home furnishings as well as food, giftware, health and beauty care items and infant and toddler merchandise.

Potential upside of 11.8% exists for Bed Bath & Beyond, based on a current level of $37.87 and analysts' average consensus price target of $42.35. Bed Bath & Beyond shares should first meet resistance at the 50-day moving average (MA) of $48.93 and find additional resistance at the 200-day MA of $53.67.

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 10.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows bed bath & beyond

Ticker(s): BBBY