Tuesday, May 28, 2019 2:15:16 PM
Bed Bath & Beyond $BBBY Gap Fill Technical Support Nears
Shares of Bed Bath & Beyond (BBBY) have been grinding lower ever since the company surged on better-than-expected earnings. The down-draft has been sector wide as the consumer seems to be shopping less and only online. While Bed Bath & Beyond still had stellar results, it has been caught in general selling pressure. Having said that, there is a major gap fill approaching that is a strong buy swing trade. The level is $12.25 and about $1.25 away from the current price. At this level, Bed Bath & Beyond is expected to bounce sharply higher. I will be looking to buy at the $12.25 level in the coming weeks.
Gareth Soloway
InTheMoneyStocks
Shares of Bed Bath & Beyond (BBBY) have been grinding lower ever since the company surged on better-than-expected earnings. The down-draft has been sector wide as the consumer seems to be shopping less and only online. While Bed Bath & Beyond still had stellar results, it has been caught in general selling pressure. Having said that, there is a major gap fill approaching that is a strong buy swing trade. The level is $12.25 and about $1.25 away from the current price. At this level, Bed Bath & Beyond is expected to bounce sharply higher. I will be looking to buy at the $12.25 level in the coming weeks.
Gareth Soloway
InTheMoneyStocks
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