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Possible Trend Reversal, Bed Bath &Beyond Down on Heavy Volume (BBBY)

By Shiri Gupta

Bed Bath &Beyond shares are trading on heavy volume today, having fallen 18.2% to $17.58. About 6.9 million shares have been traded today, as compared to the 30-day average volume of 2.4 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

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.

Over the past year, Bed Bath &Beyondhas traded in a range of $17.50 to $48.83 and are now at $17.58. The 200-day and 50-day moving averages have moved 0.37% lower and 1.18% lower over the past week, respectively.

Keywords: unusual volume bed bath &beyond

Ticker(s): BBBY