Daily Long and Short Setup: BBBY & KEY
So far today, the bulls are coming away a little bit disappointed today, and I can understand why. For me, the pullback that we've seen so far is giving me an opportunity to dip my toes in the water, after being 100% cash over the holiday weekend.
I've added a few names the portfolio that I will provide analysis on here shortly. The one shown below, Bed Bath & Beyond (BBBY) is testing multiple support levels. I got in around $53.64, with a solid risk/reward setup.
LONG: Bed Bath & Beyond (BBBY)
SHORT: Keycorp (KEY)