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Jim Van Meerten
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Jim Van Meerten is an advisor to Marketocracy Capital Management and writes on financial subjects here and on Barchart Portfolio Blogs. He earned a BS in Accounting and Business Administration from Berry College; a Juris Doctorate from the Woodrow Wilson School of Law; and attended... More
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  • Bed Bath & Beyond - BBBY - Barchart Chart of the Day 0 comments
    Nov 9, 2011 7:36 AM | about stocks: BBBY
    Barchart.coms Chart of the Day - Bed Bath Beyond (NASDAQ:BBBY)
    Barchart Research Team - Barchart.com - Tue Nov 08, 6:09PM CST
    Related Stocks
    BBBY - Bed Bath & Beyond Inc.
    Sym Last Chg Pct
    BBBY 63.44 +0.48 +0.76%

    The "Chart of the Day" is Bed Bath & Beyond (BBBY), which showed up on Tuesday's Barchart "All Time High" list. Bed Bath & Beyond on Tuesday rallied by 0.76% and posted a new all-time high of $63.83. TrendSpotter has been Long since Oct 11 at $59.46. BBBY on Tuesday rallied on unconfirmed rumors of a possible private equity buyout offer. Williams Capital on Oct 28 initiated coverage with a Buy rating and a target of $77. However, Morgan Stanley on Oct 27 initiated coverage with an Underweight and a target of $58. Bed Bath & Beyond, with a market cap of $15 billion, is a nationwide operator of superstores selling predominantly domestics merchandise and home furnishings.

    bbby_700

    How we found the Chart of the Day:

    We found the "Chart of the Day" by scanning the Barchart "All Time High" list. In order to get to that list, we first clicked on the Stocks menu item on the Barchart home page, then on the "All Time Highs" menu item on the left menu bar. We then sorted the list by percentage gainers by clicking on the "Percent" column title. A stock that has posted a new All-Time high is typically showing strong upside momentum.

    The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

    • TrendSpotter: Buy
    • Short-Term Indicators: 100% Buy
    • Medium-Term Indicators: 100% Buy
    • Long-Term Indicators: 100% Buy
    • Overall Average 100% Buy


    Barchart links for further information:

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    Chart of the Day Archive
    View Past Chart of the Day Reports
    Stocks: BBBY
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