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Bed Bath &Beyond (BBBY) Crosses Pivot Point Resistance at $17.46

By David Diaz

Shares of Bed Bath &Beyond (NASDAQ:BBBY) have bullishly opened above the pivot of $17.33 today and have reached the first resistance level of $17.46. Investors may be interested in a cross of the next upside pivot targets of $17.63 and $17.93.

In the past 52 weeks, Bed Bath &Beyond share prices have been bracketed by a low of $17.19 and a high of $48.83 and are now at $17.48, 2% above that low price. 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 (NASDAQ:BBBY) has potential upside of 25.9% based on a current price of $17.48 and analysts' consensus price target of $22.00. The stock should run into initial resistance at its 50-day moving average (MA) of $34.27 and subsequent resistance at its 200-day MA of $39.66.

SmarTrend is monitoring the recent change of momentum in Bed Bath &Beyond. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Bed Bath &Beyond in search of a potential trend change.

Keywords: pivot alerts bed bath &beyond

Ticker(s): BBBY