What's in the News for January 9th, 2018

Published on Mon, 01/09/2017 - 16:39
By Anonymous in analysis, business finance, fnno, market, news, nyse: ibm, stock, trading
analysis, business finance, fnno, market, news, nyse: bbby, stock, trading

Bed Bath &Beyond's stock is down 0.4% to $21.36 on heavy trading volume. Approximately 3.8 million shares have changed hands today vs. average 30-day volume of 2.4 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

Bed Bath &Beyond share prices have moved between a 52-week high of $48.83 and a 52-week low of $19.07 and are now trading 12% above that low price at $21.36 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%.

Bed Bath & Beyond Inc. operates a nationwide chain of retail stores. The Company, through its retail stores, sells a wide assortment of merchandise principally including domestic merchandise and home furnishings, as well as food, giftware, health and beauty care items, and infant and toddler merchandise.

Bed Bath &Beyond has overhead space with shares priced $21.36, or 43.5% below the average consensus analyst price target of $37.83. The stock should run into initial resistance at its 50-day moving average (MA) of $34.27 and subsequent resistance at its 200-day MA of $39.66.

By Anonymous

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