Entry level above .5 FIB $13.75 = Target price $16.80 = Stop loss $13.00
We previously projected this reversal on the stock, hopefully you benefited, the target has now hit and we project must higher targets in the near future.
The recent recruitment of a replacement CEO is extremely bullish and ignites a true reversal in sentiment.
BBBY reported mixed earnings results, which has the after hours price hovering right around its closing price for the day. Adjusted earnings beat slightly, while revenue and sales missed slightly.
Guidance was also a bit mixed, since the revenue forecast is slightly lower than expected ($11.4 billion actual vs. $11.77 billion estimate), but the earnings forecast...
Pure Fundamental Analysis with some technicals
- Link to company powerpoint investor presentation: bedbathandbeyond.gcs-web.com
- CMO of Target turnaround coming on board as CEO on Nov 4th to lead company turnaround.
- Stong goodwill and company brand that just needs a shift in the right direction.
- Stong financials for a company that is...
Since Mark Tritton’s as CEO was announced on 9th OCT, the stock has risen too much. Possibly investors and institutions are viewing the new leadership as good news.
This chart paints a story that the price after breaking out of the trend line resistance (orange) it has since tested many times the (now) support trend line.
Fundamentally BBBY has room to deliver...
Historically BBBY has seen major volatility post earnings, today's report after the close should be very much the same. Options traders are betting on 16%price moves on what could prove to be a very important report,having staged somewhat of a comeback in recent months since the last selloff.
Huge 52% short interest could be seen as a possible...
Keep in mind the risk of entering ahead of an earnings report, but the technical chart is picture perfect in #BBBY here.
IF it holds up over $9.6 it can rally towards the yellow box targets on chart by October 15th.
Best of luck,
SPECULATION MAKES THEY SHORTS HAVE A LITTLE PANIC SESSION.
WISE TO WAIT FOR 50MA TO BREAK AS RESISTANCE
Investing.com - Bed Bath&Beyond (NASDAQ:BBBY) surged on Thursday on an unconfirmed report that the retailer is looking to explore potential takeover bids.
Online publication The Deal said the retailer has hired Goldman Sachs (NYSE:GS) to help seek out potential...
Reversals like today's in NASDAQ:BBBY can not be ignored, as a result of mixed earnings and overreaction by the algos the stock plummeted on the open, hit support and bang, it never looked back, buyers jumped in and considering this stock carries a 40% short interest it may not be over, this looks like offering more rewards to the longs.
Investors in BBBY are guaranteed a rollercoaster ride from one earnings report to the next, the chart is horrendous with huge gaps up and down, a pure nightmare of a stock to analyse so in our opinion it is a pure gamble that you must be crazy to want to trade but our trade setup is a long into earnings, with support below as our stop loss. The risk and rewards...