Bullish Moving Average Cross by Bed Bath & Beyond (BBBY)
Today, shares of Bed Bath & Beyond (NASDAQ:BBBY) have crossed bullishly above their 10-day moving average of $44.19 on a volume of 442K 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 $41.15 to $74.21 and is now at $44.51, 8% above that low. 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 7.8%. 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