11/11/2014 – Bed Bath and Beyond
Issued: 11/05/2014
Bed bath and beyond, BBBY:
1. Bed bath and beyond is now in a ‘Buy’ position trading above $67.30 and remains strong with continued daily closes above $67.30. Bed bath and beyond is currently trading at $68.05.
2. A test/attempt at $70.00 – $70.60 (or higher) is likely during Nov./Dec. 2014.
3. A protective sell stop should be placed at $66.30. This stop will be moved higher as the market continues to confirm.
David Williams
Issued: 11/11/2014
Bed bath and beyond, BBBY:
1. Our Wed., Nov. 5 report indicated that bed bath and beyond was in a ‘Buy’ position trading above $67.30 and would advance to $70.00 – $70.60 during Nov./Dec. 2014.
2. Bed bath and beyond has now advanced to today’s session high of $70.33 completing the $70.00 – $70.60 upside profit target. Long position exits should be taken at this time. This completes the intended trade. Any remaining long position can be held for the possibility of higher prices and a trend following exit.
David Williams
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.