Stock Technical indicators to notice in BED BATH and BEYOND (BBY.BE)
1- Last bearish trend was from 36.85 $ (2/21/2011) to 31.62 $ (3/15/2011) a 5.23 $ move 2- The current bullish trend started from 31.62 $ at 3/15/2011 and is currently trading at 36.96 $.
4- BBY.BE current resistance level is at 38.27 which is the 127.20 % fibonacci retracement of the last 5.23 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
BED BATH and BEYOND (BBY.BE) Short term stock chart patterns for internet stock trading :
None.
BED BATH and BEYOND (BBY.BE) Mid term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 36.850 and 37.610 that was broken up at 37.700 transforming into a supporting line.
BED BATH and BEYOND (BBY.BE) Long term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 31.620 and 27.840, and is currently supporting at 32.045.
Stock Trading Conclusion:
BED BATH and BEYOND (BBY.BE) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : 38.27, 40.08.
Stock Support levels : 36.85, 35.90, 35.70, 34.92, 34.85, 34.29, 34.24, 33.66, 33.62, 32.85, 32.04, 31.62,.
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