BBBY closes lower for the 2nd day in a row
Bed Bath & Beyond Inc. (BBBY) Technical Analysis Report for Jun 14, 2018 | by Techniquant Editorial Team
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.
Daily Candlestick Chart (BBBY as at Jun 14, 2018):
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.