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TOPIC: Bed Bath & Beyond $BBBY Shows First Bullish Chart In Ages

Bed Bath & Beyond $BBBY Shows First Bullish Chart In Ages 08 Nov 2018 20:21 #1

  • inthemoneystocks
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Shares of Bed Bath & Beyond (BBBY) have fallen since 2014 with almost no bounces. Many expect it to head the same way as Sears Holdings (SHLD) and it very well may years from now, but there is a great swing trade bullish setup first. Swing trades are near term investments with an outlook of days to weeks. The current pattern shows the stock putting in a significant bottom and now forming a bull flag. This bull flag likely signals a move higher in the next few weeks to $18.90, a gain of over 30%. Considering the holiday season is upon us and consumers are likely to spend record amounts, it is not hard to believe a bounce is at hand. Cheers to a nice swing trade on Bed Bath & Beyond.

Gareth Soloway
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