Best Buy’s most recent trend suggests a bullish bias. One trading opportunity on Best Buy is a Bull Put Spread using a strike $41.00 short put and a strike $36.00 long put offers a potential 17.65% return on risk over the next 26 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $41.00 by expiration. The full premium credit of $0.75 would be kept by the premium seller. The risk of $4.25 would be incurred if the stock dropped below the $36.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Best Buy is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Best Buy is bullish.
The RSI indicator is at 72.67 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Best Buy
Britain’s best cash Isa withdrawn after one week
Mon, 21 Oct 2013 11:57:40 GMT
After Reaching Multi-Year Highs, Is This Retailer Still a Good Buy?
Sun, 20 Oct 2013 12:03:49 GMT
Motley Fool – Best Buy has now reached multi-year highs, though the retail landscape has completely changed. Is Best Buy still a good investment decision?
Can Bricks And Mortar Fight Back?
Fri, 18 Oct 2013 17:55:00 GMT
Investor’s Business Daily – Inside Real Estate/Staff, New Issue America/New Issue Pipeline, Industry Snapshot/Default, New Issue America/Default, Making Money/Investor’s Corner, Front Page News/Feature Story, Front Page News/General …
Can the Rally in Best Buy Co., Inc. (BBY) Shares Continue?
Fri, 18 Oct 2013 09:42:32 GMT
Zacks – Can the Rally in Best Buy Co., Inc. (BBY) Shares Continue?
2 stocks Street doesn’t get: Cramer
Thu, 17 Oct 2013 22:25:52 GMT
CNBC – Sometimes the stock market gets it wrong. And in the case of the following two stocks up triple digits year to date, Cramer believes that market definitely got it wrong.
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