NASDAQ:BBBY BED BATH & BEYOND INC
BBBY has formed a classic reversal pattern. With poor guidance and an update on recent estimates this is likely going to continue going down for the next 3-9 months. Consumer spending seems to be shifting away from this store as more people are buying retail goods online. The so called "Santa Claus" rally is likely going to leave investors even more disappointing. I'm looking for a bounce around the $36 previous support.