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Look for Shares of Bed Bath &Beyond to Potentially Pullback after Yesterday's 1.34% Rise

By Amy Schwartz

Bed Bath &Beyond (NASDAQ:BBBY) traded in a range yesterday that spanned from a low of $17.58 to a high of $17.88. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $17.77 on volume of 1.9 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

Bed Bath &Beyond share prices have moved between a 52-week high of $48.83 and a 52-week low of $16.52 and are now trading 7% above that low price at $17.71 per share. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 1.2%.

Keywords: rebounders bed bath &beyond

Ticker(s): BBBY