Is Bed Bath & Beyond Trade Over?

bbby New York, January 21st ( - 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:

TradersHuddle Search

Stock Search:

Site Search:


Technical Scans

Recent Trading Ideas

Latest Partner Headlines

Stock Market

o Dow Jones 18,140.95 ▲44.05 (0.24%)
o S&P 500 2,102.22 ▲3.69 (0.18%)
o NASDAQ 4,986.18 ▲19.04 (0.38%)

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:18,140.95 Trade time:11:03AM EST Value change:▲44.05 (0.24%)

S&P 500

Company ID [INDEXSP:.INX] Last trade:2,102.22 Trade time:11:03AM EST Value change:▲3.69 (0.18%)


Company ID [INDEXNASDAQ:.IXIC] Last trade:4,986.18 Trade time:11:03AM EST Value change:▲19.04 (0.38%)

In The Wires

Copyright © 2013 All Rights Reserved.