This Home Goods Giant Shows First Bullish Chart In Ages: Watch The Short

This Home Goods Giant Shows First Bullish Chart In Ages: Watch The Short  | Nov 08, 2018 03:47PM ET

Shares of Bed Bath & Beyond (NASDAQ:BBBY) have fallen since 2014 with almost no bounce. Many expect it to follow Sears Holdings' (OTC:SHLDQ) lead and it may well years from now. But there is a great swing trade bullish setup first. Swing trades are near-term investments with an outlook of days to weeks. The current pattern shows BBBY putting in a significant bottom and now forming a bull flag. This bull flag likely signals a move higher in the next few weeks to $18.90, a gain of over 30%. Considering the holiday season is upon us and consumers are likely to spend record amounts, it is not hard to believe a bounce is at hand.

Cheers to a nice swing trade on Bed Bath & Beyond.

Bed Bath & Beyond

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