The Story of BBBYSince 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 results with a new leader but time is the horizon.
which is precisely the point a possible short when it reaches 15.49.
Keep watch.
BBBY trade ideas
$BBBY Wait for a Pullback In Bed Bath or break above resistance.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.
Bed Bath and Beyond after hours earnings playBBBY 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 beats analyst estimates by a significant margin ($2.11 per share at the midpoint, vs. the $1.81 per share estimate).
On the strength of the earnings forecast, I'd think think this should end the day slightly up tomorrow. This news isn't a really strong catalyst, but the stock is cheap at the current price, and this could help start to reverse the long-term downtrend. However, given how pessimistic the market is right now, this could totally drop instead. Watch the after-hours and pre-market price action and be careful out there.
Bed Bath & Beyond carries huge 52% short interest into earnings.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.
Consideration -
Huge 52% short interest could be seen as a possible catalyst for a rally.
Expectations are very low, any positive surprises could be seen as very favorable.
technically the chart is showing bullish signs and maintaining some buy signals.
Average analysts price target $14.04
Average analysts recommendation Hold
Short interest 52%
Company profile
Bed Bath & Beyond, Inc. engages in the operation of retail stores and retails domestics merchandise and home furnishings. It operates through the Bed Bath & Beyond, Christmas Tree Shops, Christmas Tree Shops andThat!, Harmon or Harmon Face Values, buybuy BABY, and World Market, Cost Plus World Market or Cost Plus brands. Its products include domestic merchandise and home furnishings such as bed linens and related items, bath items, kitchen textiles kitchen and tabletop items, fine tabletop, basic house wares, general home furnishings, and consumables. The company was founded by Warren Eisenberg and Leonard Feinstein in 1971 and is headquartered in Union, NJ.
$BBBY SHORTS GETS SQUEEZED IN BED BATH AND BEYOND. 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 suitors. In addition, The Deal said the company has received "conditional offers" for its Cost Plus World Market business and subsidiaries as part of "a broad auction process."
Shares jumped nearly 12%.
Despite the gain, Bed Bath and Beyond is down 16% year to date, with interim CEO Mary Winston recently quoiting as saying: "The company has not kept pace with how the customer has evolved and how consumers shop today."
COMPANY PROFILE
Bed Bath & Beyond, Inc. engages in the operation of retail stores and retails domestics merchandise and home furnishings. It operates through the Bed Bath & Beyond, Christmas Tree Shops, Christmas Tree Shops andThat!, Harmon or Harmon Face Values, buybuy BABY, and World Market, Cost Plus World Market or Cost Plus brands. Its products include domestic merchandise and home furnishings such as bed linens and related items, bath items, kitchen textiles kitchen and tabletop items, fine tabletop, basic house wares, general home furnishings, and consumables. The company was founded by Warren Eisenberg and Leonard Feinstein in 1971 and is headquartered in Union, NJ.
BBBY will be seeing 15 soonFundamental View:
Short in the next quarter, Sweeping changes at board level, Earnings Miss, Sector dying if not evolving (BBBY are not). Q1 & Q2 earnings are a write-off. The actions taken to address issues are actually costing more and are old school therefore will take at least 12 months to start to implement and no one with a big name of turning companies around has been mentioned. Replacing the board with mirror image of what was there before will equal the same outcome, lol next they will start announcing the new board members are buying shares in the company as they believe in its long term future bla bla bla lol
Tech View:
Short term very clear Head & Shoulders pattern with some huge gap filling potential in the mid term. Really cant see anyone stepping in front of this train.
Summary: BBBY will soon not be around if it does not evolve with the game, its an old world retailer in an Amazon era and unless it completely changes its operating model it will die it will just take time.
Fundamentals: Short Bias, Tech: Short Bias
Short every pop and Bank, My Av is 18.96 Target is at least 15 test in next few weeks. This one should be on everyones radar as we will see pop and fades all year - Its a banker.
Really would be surprised if this junk manages to break 20 again, but I hope it does I can add more.
Bullish on Bed Baths great reversal. 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.
Gamblers chance on Bed Bath and Beyond into earnings .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 are high but its a trade not a investment.
Technically, Bullish divergence does exist and they MA''s 7 & 12 have crossed positively.
Volume is unconvincing as expected given the volatility.
Bed Bath & Beyond $BBBY Gap Fill Technical Support NearsShares of Bed Bath & Beyond (BBBY) have been grinding lower ever since the company surged on better-than-expected earnings. The down-draft has been sector wide as the consumer seems to be shopping less and only online. While Bed Bath & Beyond still had stellar results, it has been caught in general selling pressure. Having said that, there is a major gap fill approaching that is a strong buy swing trade. The level is $12.25 and about $1.25 away from the current price. At this level, Bed Bath & Beyond is expected to bounce sharply higher. I will be looking to buy at the $12.25 level in the coming weeks.
NASDAQ:BBBY
Gareth Soloway
InTheMoneyStocks
BBBY bustedWrite sometning about your psyhology thinking before trade? it will be good trade after yesterday black thursday
Describe the trade. What you see? clasical support to resistance tradde
What have I done well for this trade? that in that case stop loss can be a little bit lower. this stop loss was not according to my rule
What can I take away to help with later trades? that you should take some natural resistance area to determine the stop level.