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BBBY Is Down Beyond Belief, Watch This Bounce Area

|Includes:Bed Bath & Beyond Inc. (BBBY)

Leading retailer Bed Bath & Beyond Inc (NASDAQ:BBBY) is declining again today by 1.61 percent. This stock has plunged by more than $12.00 since January 8th, 2014 when the stock traded as high as $80.22 a share. Swing traders should watch the $64.50 level for near term support and a potential short term bounce. This stock is severely oversold at this time and that is an area where the institutional money may come in and support the stock.

Nicholas Santiago
InTheMoneyStocks.com

Stocks: BBBY