Bed, Bath & Beyond: A New Great Breakout

Thursday, March 15, 2012

Bed, Bath & Beyond: A New Great Breakout

Yesterday, the market closed with mixed results. The three major indices closed practically unchanged in relation to a previous day. However, these numbers hide a significant increase in volatility. Therefore, our Stock Picks System detected a high number of stocks that moved up or down in prices significantly. We found many new highs and some breakouts. One of these is Bed Bath & Beyond (BBBY).

This stock closed yesterday at US$ 65.47 experiencing a rise of 4.67%. Its volume was 6.1 Millions of shares, twice what is traded daily. This company has a Market Cap. of US$ 15.70 Billions, a P/E of 17.60 and an EPS of 3.72. BBBY has 241.25 millions of shares, of which 91% is owned by institutional investors.

Yesterday, Bed Bath & Beyond made a stunning breakout. This stock broke a basis of prices constructed from October last year. Rising prices and volume of shares traded was very good. If the market allows, BBBY has launched a new and important way up. Remember that a good breakout can generate great profits.

Bed Bath & Beyond Inc., together with its subsidiaries, operates a chain of retail stores. It sells a range of domestic merchandise, such as bed linens and related items, bath items, and kitchen textiles; and home furnishings, including kitchen and tabletop items, fine tabletop, basic housewares, general home furnishings, consumables, and certain juvenile products. The company also offers giftware, household products, and health and beauty care items; and infant and toddler merchandise. It operates stores under the names of Bed Bath & Beyond (BBB), Christmas Tree Shops (CTS), Harmon and Harmon Face Values (Harmon), and buybuy BABY. As of August 27, 2011, the company had a total of 1,155 stores, including 986 BBB stores, 70 CTS stores, 54 buybuy BABY stores, and 45 Harmon stores in 50 states, the District of Columbia, Puerto Rico, and Canada. It also operates two stores under the name of Home & More in the Mexico City through a joint venture. Bed Bath & Beyond Inc. was founded in 1971 and is based in Union, New Jersey.

2 comments:

stock tipsMarch 16, 2012 at 6:35 AM
I certainly experienced the way you discover your understanding of the subject! Keep up on it. Thanks for giving the info..

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AnonymousApril 5, 2012 at 6:20 PM
Get Latest Promo Codes and Coupons Code Only On Bed Bath And Beyond Coupons
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Thursday, March 15, 2012

Bed, Bath & Beyond: A New Great Breakout

2 comments: