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Bed Bath &Beyond Set to Possibly Rebound After Yesterday's Selloff of 3.93%

By Amy Schwartz

Bed Bath &Beyond (NASDAQ:BBBY) traded in a range yesterday that spanned from a low of $7.56 to a high of $7.70. Yesterday, the shares fell 3.9%, which took the trading range below the 3-day low of $7.72 on volume of 3.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Bed Bath &Beyondhas traded in a range of $7.56 to $19.59 and are now at $7.57. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.7% while the 200-day MA has slid 0.6%.

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 48.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders bed bath &beyond

Ticker(s): BBBY