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Bullish Cup and Handle Sets Up in Consumer Discretionary Retailer

by | Feb 11, 2024

Beyond (BYON) shares of the former Overstock.com are seeing a coiling flag form the past month and Friday closed strong into highs of week back over its YTD VWAP of 23.80 and just above its monthly POC. Potential upside into the 26 level and a breakout above monthly value can see a surge up to the 29 VPOC above here as the name forms a bullish cup and handle longer term. BYON reports on 2/20 and has a short float of about 11% so definitely a candidate to squeeze ahead of its earnings report. The former OSTK stock bought the assets of Bed Bath & Beyond last year and now trades under the new ticker of BYON which has also seen insider buying the past 3 months off the late 2023 lows.

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