BBBY are in focus today
Thursday, September 27, 2007
Shares of Bed Bath & Beyond (BBBY) are in focus falling just 1% today after said its second-quarter profit rose 1% to $147 million, or 55 cents a share. Sales at the home-products retailer rose 10% to $1.77 billion. Looking at the daily chart, over the last 6 months, stock has been trading in a clear downtrend finding a lot of resistance to move up near its 50 dma at $34.50. A close above this should mean a good reason to enter long on stock, due to the fact that overall indicators have started showing some improvements. So pay particular attention in this stock.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical example.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical example.
Labels: BBBY
