Best Buy's most recent trend suggests a bullish bias. One trading opportunity on Best Buy is a Bull Put Spread using a strike $72.50 short put and a strike $67.50 long put offers a potential 36.99% return on risk over the next 34 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $72.50 by expiration. The full premium credit of $1.35 would be kept by the premium seller. The risk of $3.65 would be incurred if the stock dropped below the $67.50 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 58.97 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Best Buy
Analysts Estimate Best Buy (BBY) to Report a Decline in Earnings: What to Look Out for
Thu, 14 May 2020 16:30:04 +0000
Best Buy (BBY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
3 Coronavirus E-Commerce Trends to Watch
Thu, 14 May 2020 13:30:00 +0000
Online sales are booming as many retailers have been forced to close their doors during the coronavirus pandemic. Here's how those trends will impact some of the big names in retail, including Amazon (NASDAQ: AMZN), Walmart (NYSE: WMT), Target (NYSE: TGT), and Best Buy (NYSE: BBY).
How the coronavirus outbreak may help keep Amazon's federal tax bill low (again)
Thu, 14 May 2020 11:45:58 +0000
E-commerce giant Amazon is poised to emerge as one of the COVID-19 era’s largest beneficiaries.
Retail stores reopening as coronavirus lockdowns lift
Wed, 13 May 2020 13:13:48 +0000
U.S. retailers are slowly reopening. Here is an updated list.
Best Buy (BBY) Stock Sinks As Market Gains: What You Should Know
Mon, 11 May 2020 21:50:09 +0000
Best Buy (BBY) closed at $78.02 in the latest trading session, marking a -0.78% move from the prior day.
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