PredictWallStreet - The Stock Prediction Community

Welcome GuestSearch | Active Topics

This Is Not The Best Buy Yet Options
inthemoneystocks
#1 Posted : Thursday, November 16, 2017 12:19:25 PM
Rank: Member

Groups: Members

Joined: 11/30/2010
Posts: 20
Today, leading retailer of technology products, Best Buy Co., Inc. (NYSE:BBY), is declining sharply lower after reporting earnings. The stock is trading down by nearly 6.0 percent to $53.98 a share. Traders should note that BBY shares are now testing the daily 200-day moving average. A daily chart close below that key moving average should signal more downside for the electronics retailer.

The next major chart support level for BBY stock will be around the $49.00 area. This a scene of the crime support level that will often be defended when retested. Traders should keep an eye on this level as it should give us a solid trading opportunity.




Nicholas Santiago
InTheMoneyStocks
Users browsing this topic
Guest (2)
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.