(Finance) – Great day for Bed Bath & Beyondwhich is recording a rise of 26.27%.
The news contributes to assist the shares GameStop President Ryan Cohen revealed that it acquired nearly 10% (9.8%) of the capital through its investment firm RC Ventures.
Comparing the performance of the stock with the Nasdaq 100on a weekly basis, it is noted that the American retail chain maintains positive relative strength in comparison with the index, demonstrating greater appreciation by investors compared to the index itself (weekly performance + 26.35%, compared to -4.9% of theUS technology stock index).
The medium-term scenario is always positively connoted, while the short-term structure shows some yielding, as read by the relative indicators, due to the opposition of the estimated resistance at 27.01 USD. The control of the short-term situation offered by the supports at 16.88 is functional. There is a concrete possibility of a continuation of the corrective phase towards 13.34.