Best Buy (BBY) Offering Possible 24.38% Return Over the Next 24 Calendar Days

Best Buy's most recent trend suggests a bearish bias. One trading opportunity on Best Buy is a Bear Call Spread using a strike $56.00 short call and a strike $61.00 long call offers a potential 24.38% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $56.00 by expiration. The full premium credit of $0.98 would be kept by the premium seller. The risk of $4.02 would be incurred if the stock rose above the $61.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Best Buy is bearish and the probability of a decline 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 24.04 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

Did Apple Just Make Best Buy a Better Buy?
Thu, 22 Jun 2017 20:48:00 +0000
Best Buy was left for dead in the wake of the move to e-commerce, but it has defied its detractors and is now a go-to place for broken iPhone screens. Things are looking up.

3 Growth Opportunities for Best Buy
Wed, 21 Jun 2017 18:45:21 +0000
Best Buy's turnaround is now entering a phase where further growth will be tough. But the company has some ideas.

Zacks.com featured highlights: Chemours, Best Buy, Applied Optoelectronics and Lam Research
Wed, 21 Jun 2017 13:30:01 +0000
Zacks.com featured highlights: Chemours, Best Buy, Applied Optoelectronics and Lam Research

Why Best Buy (BBY) Could Be a Top Value Stock Pick
Wed, 21 Jun 2017 12:54:12 +0000
Best Buy (BBY) seems to be a good value pick, as it has decent revenue metrics to back up its earnings, and is seeing solid earnings estimate revisions as well.

A New Large-Cap, Multi-Factor ETF Hits the Town
Tue, 20 Jun 2017 15:30:00 +0000
This new smart beta ETF offers a unique spin on the multi-factor theme.

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