BBBY closes lower for the 2nd day in a row
Moving lower for the 2nd day in a row, BBBY finished Thursday at 19.82 losing $0.23 (-1.15%). Closing below Wednesday's low at 19.95, the market confirms its breakout through the prior session's low having traded $0.32 below it intraday.
Thursday's trading range was $0.42 (2.1%), that's below last trading month's daily average range of $0.52. Things look different on a weekly scale, where volatility is above the markets average with the monthly volatility being slightly above average.
While the share is experiencing a short-term up trend, this could just be a correction, as both the medium and long term trends are still in negative territory.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.
Market Conditions for Bed Bath & Beyond
|Close to R1 Resistance||TQ Pro Members Only|
|Bounced off Technical Resistance R1||TQ Pro Members Only|
|Close to Swing Low||TQ Pro Members Only|
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