timwest
Long

Bed Bath & Beyond Inc BBBY - Daily - Turning up from oversold

NASDAQ:BBBY   BED BATH & BEYOND INC
348 4 8
BBBY             seems cheap to me at 1.1 times sales ( PSR             1.1) and with earnings just 7 days away and with retail stocks already suffering under the weight of poor retail sales, I think the news is already out and some upside may be more likely at this stage. The last time BBBY             declined it fell for 114 market days and approximately the same percentage decline. That is only an interesting point but nothing to rely on.

The "range expansion" for BBBY             in this little rally off of the 60 level is indicative that the sellers are exhausted and that short-covering and new buying may be in the cards in the short run.

With EPS             only 7 days away - this is a short-term trade. Exit before earnings even though my forecast extends well beyond 7 days.

Tim 61.26 +0.71 last +1.17%
11:54AM EST 6/18/2014
Subscribe to my indicator package KEY HIDDEN LEVELS $20/mo or a discount for a year and join in the trading room KEY HIDDEN LEVELS here at TradingView.com
Hello Tim, I'm a follower of BBBY too, saw a chart of yours a while back and I have been watching it since. I'll post my view of BBBY, using my sistem. It's basically the same idea, same entry, same target, but using a different system. I will use a weekly chart cause I like the pattern there better.
snapshot

I did not buy yet because earnings are due in a few days and looking back, this stock is way too violent for me on earnings calls.
+1 Reply
timwest PRO vlad.adrian
I did suggest to exit PRIOR to earnings. Thanks for your comments and insights.
Reply
Yes I know, and it was a good call
Reply
Forecast kinda in line...with bullish activity
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out