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Look for Shares of Bed Bath &Beyond to Potentially Rebound after Yesterday's 2.76% Sell Off

By James Quinn

Bed Bath &Beyond (NASDAQ:BBBY) traded in a range yesterday that spanned from a low of $13.55 to a high of $14.15. Yesterday, the shares fell 2.8%, which took the trading range below the 3-day low of $13.85 on volume of 2.5 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, shares of Bed Bath &Beyond have traded between the current low of $13.57 and a high of $24.74 and are now at $13.65. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.2% while the 200-day MA has slid 0.9%.

SmarTrend recommended that its subscribers protect gains by selling shares of Bed Bath &Beyond on August 30th, 2018 by issuing a Downtrend alert when the shares were trading at $17.79. Since that call, shares of Bed Bath &Beyond have fallen 21.6%. 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