Shares of Bed Bath & Beyond Has Fallen Below Previous 52-Week Low
Bed Bath & Beyond (NASDAQ:BBBY) traded today at a new 52-week low of $40.63. This new low was reached on below average trading volume as 246,000 shares traded hands, while the average 30-day volume is approximately 2.4 million shares.
Potential upside of 60.3% exists for Bed Bath & Beyond, based on a current level of $41.04 and analysts' average consensus price target of $65.78. The stock should find initial resistance at its 50-day moving average (MA) of $48.93 and further resistance at its 200-day MA of $53.67.
In the past 52 weeks, Bed Bath & Beyond share prices have been bracketed by a current low of $40.63 and a high of $74.21 and are now at $41.04. Over the last five market days, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 0.3%.
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 domestics merchandise and home furnishings as well as food, giftware, health and beauty care items and infant and toddler merchandise.
SmarTrend recommended that its subscribers protect gains by selling shares of Bed Bath & Beyond on September 13th, 2016 by issuing a Downtrend alert when the shares were trading at $43.36. Since that call, shares of Bed Bath & Beyond have fallen 5.0%. 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