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Bullish Moving Average Cross by Bed Bath &Beyond (BBBY)

By Nick Russo

Bed Bath &Beyond (NASDAQ:BBBY) crossed over its 10-day moving average of $13.55 on a volume of 573K 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 $10.46 to $21.45 and is now at $13.67, 31% above that low. The 200-day and 50-day moving averages have moved 0.53% lower and 0.36% lower over the past week, respectively.

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 14.7%. 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

Ticker(s): BBBY