markbrsz
Short

BBBY Short Bias

NASDAQ:BBBY   BED BATH & BEYOND INC
18 0 0
Last week, Bed Bath & Beyond             closed under $42 level, which has been acting as a MAJOR FLIP Zone going back to 2003. This level has held as support since January 2016 and after a full year of consolidation between $42-$52, prices painted a weekly close below this level closing on the lows signalling bearish momentum. With $42 taken out, the price is likely to aim for next key WEEKLY support at $35.55. Any rallies on the daily chart should be seen as value for shorting opportunities.
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