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BED BATH & BEYOND
(BBBY-Nasdaq):
Technical Viewpoint: From a low
of $31.10 on Dec 13, 2001 prices
rallied, reaching a
high of $34.95
on Jan 9, 2002. A
decline saw prices pull back, reaching a
low of
$30.59 on Jan 22, 2002.
Another rally saw prices penetrate
resistance, closing 2/13/02
at $35.22. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jan 30, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $32.50. Resistance: Is at $35.70.
Point & Figure: Reversed to the upside on Feb 13, 2002. A P&F upside
reversal takes place at $33.50. Summary: Technical indicators have turned bullish. BUY! Bed Bath & Beyond
(BBBY-Nasdaq) @ $35.38 Stop: Use a protective stop of $32.88.
Bed Bath & Beyond is currently trading @ $35.22 plus $1.38 on Feb 13, 2002. Price Objective:
$49.00. Risk/Reward: $2.50 VS. $13.63. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$49.00
Risk/Reward:
$2.50 VS. $13.63
Risk/Reward Ratio:
5:1
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