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Bed Bath &Beyond Falls 3.27% on Heavy Volume: Watch For Potential Rebound

By James Quinn

Bed Bath &Beyond (NASDAQ:BBBY) traded in a range yesterday that spanned from a low of $14.48 to a high of $15.06. Yesterday, the shares fell 3.3%, which took the trading range below the 3-day low of $14.96 on volume of 2.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Bed Bath &Beyond share prices have been bracketed by a low of $10.46 and a high of $23.28 and are now at $14.48, 38% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.1% while the 200-day MA has slid 0.3%.

SmarTrend recommended that subscribers consider buying shares of Bed Bath &Beyond on January 10th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $13.52. Since that recommendation, shares of Bed Bath &Beyond have risen 10.7%. We continue to monitor BBBY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders bed bath &beyond

Ticker(s): BBBY