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

By James Quinn

Shares of Bed Bath &Beyond (NASDAQ:BBBY) traded today at $7.87, breaking its 52-week low. So far today approximately 2 million shares have been exchanged, as compared to an average 30-day volume of 8 million shares.

Bed Bath &Beyond share prices have moved between a 52-week high of $19.59 and the current low of $7.87 and are currently at $7.87 per share. The 200-day and 50-day moving averages have moved 0.54% lower and 2.47% lower over the past week, respectively.

Bed Bath &Beyond (NASDAQ:BBBY) has potential upside of 125.8% based on a current price of $7.87 and analysts' consensus price target of $17.77. The stock should run into initial resistance at its 50-day moving average (MA) of $10.73 and subsequent resistance at its 200-day MA of $13.69.

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.

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 47.1%. 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