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

By Amy Schwartz

Shares of Bed Bath &Beyond (NASDAQ:BBBY) traded at a new 52-week low today of $9.93. Approximately 1.9 million shares have changed hands today, as compared to an average 30-day volume of 6 million shares.

Bed Bath & Beyond Inc., together with its subsidiaries, operates a chain of retail stores. It sells a range of domestics merchandise, including bed linens and related items, bath items, and kitchen textiles; and home furnishings, such as kitchen and tabletop items, fine tabletop, basic housewares, general home furnishings, consumables, and various juvenile products.

Bed Bath &Beyond share prices have moved between a 52-week high of $19.94 and the current low of $9.93 and are currently at $9.93 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 2.7%.

There is potential upside of 79.0% for shares of Bed Bath &Beyond based on a current price of $9.93 and an average consensus analyst price target of $17.77. Bed Bath &Beyond shares should first meet resistance at the 50-day moving average (MA) of $12.74 and find additional resistance at the 200-day MA of $14.13.

SmarTrend recommended that its subscribers protect gains by selling shares of Bed Bath &Beyond on May 13th, 2019 by issuing a Downtrend alert when the shares were trading at $15.42. Since that call, shares of Bed Bath &Beyond have fallen 34.4%. 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