New York, January 21st (TradersHuddle.com) - Shares of Bed Bath & Beyond, Inc. (NASDAQ:BBBY) ended the trading session lower by $0.13 or -0.23% from its previous close. Bed Bath & Beyond's price action formed what is considered to be a bearish engulfing candlestick chart pattern.
Bed Bath & Beyond Inc. (NASDAQ:BBBY) operates a nationwide chain of retail stores. The Company sells a wide assortment of merchandise principally including domestics merchandise and home furnishings as well as giftware, health and beauty care items and infant and toddler merchandise.
Bed Bath & Beyond's current stock range is determined by calculated support defined at $54.49 and by the resistance level at $57.49, which should be used by traders planning their next move.
If traders want to establish a position in Bed Bath & Beyond, they need to pay close attention at the bearish engulfing pattern, since it could mark a trend reversal in the current price action. The Bearish engulfing pattern is a leading warning sign; therefore, traders should closely monitor Bed Bath & Beyond for indications of a trend reversal. Below an Engulfing Bearish Candle Illustration:
- AT&T And America Movil To Provide Deeper National Reach For Advanced Enterprise Services Across Latin America
- AT&T 4G LTE Available In Willimantic
- AT&T 4G LTE Available In Torrington
- AT&T And The University Of Kansas Team Up To Enhance Wireless Coverage On Lawrence Campus
- AT&T 4G LTE Available In Fargo
- AT&T 4G LTE Available In Amarillo
- Benefitfocus Announces Pricing of Initial Public Offering
- Trends of China Gear Industry 2013 Analysis & Reviewed in New Research Report at RnRMarketResearch.com
- Product Launch Formula 4.0 Bonuses Total $5000 at BrianHanson.com
- Datex Presents Motorola Solutions Webinar “Is It ‘Smart’ to Use Smartphones for the Enterprise?”
Related Partner Headlines
Recent Trading Ideas
Latest Partner Headlines