BBBY, Bed Bath & Beyond Inc., Targeting $51

March 17, 2011 in Daily Outlook

image thumb31 BBBY, Bed Bath & Beyond Inc., Targeting $51

BBBY, Bed Bath & Beyond Inc., is set to bounce off its ascending trend line targeting $51 before May Option Expiration where it will find resistance at the top of it’s ascending wedge.

image thumb32 BBBY, Bed Bath & Beyond Inc., Targeting $51

BBBY set to bounce off of it’s 200 EMA.

Option Strategies to Consider at current price action ($46)

Out the Money Naked Put (or cash covered put) – Using $42 as a  support line, shorting the $41 Strike May Put Option would collect $.80 premium (max profit of $.80) yielding an effective buy in at $40.20 if put to you.
In the Money Naked Put (or cash covered put) – Using $51 as a resistance line, shorting the $50 Strike May Put Option would collect $4.95 premium (max profit of $4.95) yielding an effective buy in at $45.05 if put to you.

Current Chart

Recent News

Calendar Events

Other Blog Mentions

Website links

Company website:
http://www.bedbathandbeyond.com

News Releases

Investor Relations

Financial Information

Executives

Products/Services

Employment Opportunities

External links

Analyst Estimates – MarketWatch

SEC Filings – EDGAR Online

Major Holders – MSN Money

Research Reports – Yahoo Finance

Annual Report (PDF) – AnnualReports.com

Transcripts – SeekingAlpha

About Company – Wikipedia

Discussion Group – Google Finance

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