Best Buy's most recent trend suggests a bullish bias. One trading opportunity on Best Buy is a Bull Put Spread using a strike $34.50 short put and a strike $29.50 long put offers a potential 17.92% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $34.50 by expiration. The full premium credit of $0.76 would be kept by the premium seller. The risk of $4.24 would be incurred if the stock dropped below the $29.50 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 36.61 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Best Buy
ETFs with holdings in Best Buy
Thu, 22 Jan 2015 17:33:01 GMT
Market Realist – Best Buy is a part of consumer discretionary ETFs and several broad-market ETFs, such as the SPDR S&P 500 ETF (SPY), as well.
Can Best Buy continue to weather the storm?
Thu, 22 Jan 2015 15:33:02 GMT
Gauging Best Buy’s stock performance
Thu, 22 Jan 2015 13:33:02 GMT
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