Bed Bath & Beyond: The Losing Streak Continues (BBBY)
Shares of Bed Bath & Beyond (NASDAQ:BBBY) traded at a new 52-week low today of $41.15. So far today approximately 4.6 million 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 $41.15 and a high of $74.21 and are now at $41.91. The 200-day and 50-day moving averages have moved 0.82% lower and 0.26% lower over the past week, respectively.
Bed Bath & Beyond has overhead space with shares priced $41.91, or 36.3% below the average consensus analyst price target of $65.78. The stock should run into initial resistance at its 50-day moving average (MA) of $48.93 and subsequent resistance at its 200-day MA of $53.67.
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.
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 8.3%. 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