Saturday, November 03, 2007

BBBY Analysis for 11.03.2007

BED BATH & BEYOND - BBBY

Monthly chart shows price to be stuck in a large trading range. Current price shows some selling pressure, with price testing the prior lows at the $30.86 area. Currently the stock is trading below all key moving averages.

Weekly chart shows down trendline in place.

Daily chart shows price trding below all key moving averages. Price has been in consolidation since September 2007. Look for break of the prior low at $32 - 31 area and lower.

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