What made Bed Bath & Beyond stock pare back its entire Q1 earnings gain?

Bed Bath & Beyond (NYSE: BBBY) rallied as much as 35% on Tuesday morning after posting its Q1 earnings that signalled the company's long-term turnaround strategy is gaining traction. Despite the post-earnings momentum, BBBY's relative strength index (RSI) sits in the early 60s – indicating potential for further upside ahead.