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Look for Shares of Bed Bath & Beyond to Potentially Rebound after Yesterday's 1.13% Sell Off

By Shiri Gupta

Bed Bath & Beyond (NASDAQ:BBBY) traded in a range yesterday that spanned from a low of $35.07 to a high of $35.91. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $35.08 on volume of 683,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Bed Bath & Beyond on December 22nd, 2016 by issuing a Downtrend alert when the shares were trading at $42.60. Since that call, shares of Bed Bath & Beyond have fallen 16.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Bed Bath & Beyondhas traded in a range of $35.07 to $74.21 and are now at $35.10. The 200-day and 50-day moving averages have moved 0.82% lower and 0.26% lower over the past week, respectively.

Keywords: rebounders bed bath & beyond

Ticker(s): BBBY