(Finance) – Still on the market Bed Bath & Beyond which shows a drop of 6.72% after the drop of more than 40% recorded on Friday. The strong sales were caused by the news that investor Ryan Cohen had sold his shares in Bed Bath & Beyond.
The trend of the American retail chain in the week, compared to Nasdaq 100notes a lower relative strength of the stock, which could fall prey to sellers ready to take advantage of potential weaknesses.
The medium-term technical implications are always read in a bullish key, while in the short term we are witnessing a weakening of the bullish thrust due to the evident difficulty in proceeding above USD 11.36. The most immediate support level to control the current phase seen in the 9.36 area is always valid. The most consistent expectations are for an extension of the corrective movement towards the 8.436 level to be manifested in a reasonably short time.