Best Buy's most recent trend suggests a bearish bias. One trading opportunity on Best Buy is a Bear Call Spread using a strike $115.00 short call and a strike $125.00 long call offers a potential 13.12% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $115.00 by expiration. The full premium credit of $1.16 would be kept by the premium seller. The risk of $8.84 would be incurred if the stock rose above the $125.00 long call 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 down which suggests that the medium-term momentum for Best Buy is bearish.
The RSI indicator is at 30.08 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Best Buy
Should I Avoid Best Buy Co., Inc. (BBY)?
Mon, 14 Sep 2020 17:59:08 +0000
The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 823 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds' and investors' portfolio positions as of June 30th, when the S&P 500 Index was trading around the […]
Is Best Buy (BBY) a Solid Growth Stock? 3 Reasons to Think " Yes "
Mon, 14 Sep 2020 16:45:04 +0000
Best Buy (BBY) is well positioned to outperform the market, as it exhibits above-average growth in financials.
Why Best Buy (BBY) Stock Might be a Great Pick
Mon, 14 Sep 2020 12:03:12 +0000
Best Buy (BBY) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
Better Buy: Amazon vs. Best Buy
Sun, 13 Sep 2020 16:25:00 +0000
Many of them, like Best Buy (NYSE: BBY), have done quite well. In fact, Best Buy's latest quarterly report shows it is bucking the 19% sales decline so far this year for electronics and appliance stores reported by the U.S. Census Bureau through the end of July. Meanwhile, e-commerce stores like Amazon (NASDAQ: AMZN) have been off to the races.
Black Friday shopping like we all know it is officially over because of COVID-19
Thu, 10 Sep 2020 17:31:21 +0000
Say goodbye to Black Friday.
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