The US company is specializes in the distribution of articles and household equipment. The stock declined of 25% for the beginning of the year, however the support of USD 56.5 being tested should allow under Bed Bath & Beyond to find the path of short-term upward.

According to the Surperformance ratings, the company has an interesting fundamental situation. The sales grew each year with estimates at USD 11.8 billion in 2015 (an increase of 4%) and 12.2 billion for 2016. Earnings per share also increased with an estimate for 2015 to USD 5.07 and USD 5.21 for 2016. The company also appears a low valuation concerning the enterprise value to 0.85x sales for 2016. Finally, the consensus of analysts remains positioned for purchase with a goal at USD 67.

Technically, the stock currently oversold, evolves within a medium-term downward trend, confirmed by the orientation of the moving averages. However in the short term, this trend is reversed in contact with USD 56.5, support tested mid 2014. Thus in favor of a technical rebound, the rise should be able to install during the coming sessions.

The technical configuration and the strong fundamentals of Bed Bath & Beyond group will allow the most offensive investors to buy above the USD 56.5. The downside potential seems limited and the timing is appropriate to take advantage of this technical rebound. The objective will be set at USD 60, that is to say a potential gain of 6%. However we should not insist under USD 56.5, with the introduction of a stop at the level of USD 54.8.