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Shares of Bed Bath &Beyond Fall Below Previous 52-Week Low

By Shiri Gupta

Shares of Bed Bath &Beyond (NASDAQ:BBBY) traded at a new 52-week low today of $17.50. This new low was reached on above average trading volume as 13.4 million shares traded hands, while the average 30-day volume is approximately 2.4 million shares.

In the past 52 weeks, Bed Bath &Beyond share prices have been bracketed by a current low of $17.50 and a high of $48.83 and are now at $17.58. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 1.2%.

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 domestic merchandise and home furnishings, as well as food, giftware, health and beauty care items, and infant and toddler merchandise.

Potential upside of 25.1% exists for Bed Bath &Beyond, based on a current level of $17.58 and analysts' average consensus price target of $22.00. Bed Bath &Beyond shares should first meet resistance at the 50-day moving average (MA) of $34.27 and find additional resistance at the 200-day MA of $39.66.

SmarTrend is tracking the current trend status for Bed Bath &Beyond and will alert subscribers who have BBBY in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows bed bath &beyond

Ticker(s): BBBY