Best Buy's most recent trend suggests a bullish bias. One trading opportunity on Best Buy is a Bull Put Spread using a strike $71.00 short put and a strike $66.00 long put offers a potential 14.94% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $71.00 by expiration. The full premium credit of $0.65 would be kept by the premium seller. The risk of $4.35 would be incurred if the stock dropped below the $66.00 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 70.82 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Best Buy
Dollar General & These 4 Retail Stocks Are Solid Picks
Wed, 10 Jul 2019 14:12:02 +0000
Dollar General's (DG) everyday low-price model is anticipated to drive traffic persistently despite the rising popularity of online retailers.
Here's Why Aaron's (AAN) is a Hot Investment Pick Right Now
Wed, 10 Jul 2019 13:38:01 +0000
Aaron's (AAN) is benefiting from strength in the Progressive business. Also, it remains on track with the transformation of the Aaron's segment, which bodes well for growth.
Why Best Buy Stock Rose 11% in June
Tue, 09 Jul 2019 17:07:00 +0000
The electronics retailer continues to impress investors with solid operating results despite the ongoing trade wars.
Why Is Guggenheim Bullish About Best Buy Stock?
Tue, 09 Jul 2019 13:35:58 +0000
On Monday, Guggenheim started to cover Best Buy (BBY) stock with a “buy” rating. Guggenheim thinks that Best Buy is undervalued.
Amazon Prime Day 2019: Everything we know so far
Mon, 08 Jul 2019 17:11:45 +0000
Amazon’s blockbuster annual sale for its members has changed the way people shop, and made other companies scramble to try to cash in on the tech giant’s success.
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