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Benzinga
Benzinga
Business
Melanie Schaffer

The Apes Are In Control Of Bed Bath & Beyond Stock Behind As Short Squeeze Continues: What's Next?

Bed, Bath & Beyond short squeeze Nasdaq

Bed Bath & Beyond, Inc (NASDAQ:BBBY) was surging higher on Friday after breaking up from a triple inside bar pattern intraday.

The inside bar pattern is part of a consolidation phase that was needed after the stock skyrocketed 193% between July 27 and Aug. 8 after being targeted as a short-squeeze candidate. The short squeeze may not be done yet, and the bulls are in clear control of the stock.

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