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Bed Bath &Beyond (BBBY) Approaches New Upside Target of $13.21

By David Diaz

Shares of Bed Bath &Beyond (NASDAQ:BBBY) opened today above their pivot of $12.18 and have already reached the first level of resistance at $12.64. Investors may be interested in a cross of the next upside pivot targets of $13.21 and $14.24.

Over the past year, Bed Bath &Beyond has traded in a range of $7.31 to $19.57 and is now at $12.71, 74% above that low. The 200-day and 50-day moving averages have moved 0.1% lower and 0.75% higher over the past week, respectively.

Potential upside of 39.8% exists for Bed Bath &Beyond, based on a current level of $12.71 and analysts' average consensus price target of $17.77. The stock should find resistance at its 200-day moving average (MA) of $13.01, as well as support at its 50-day MA of $9.42.

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: pivot alerts bed bath &beyond

Ticker(s): BBBY