Best Buy (BBY) Offering Possible 25.63% Return Over the Next 23 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 $65.00 short call and a strike $70.00 long call offers a potential 25.63% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $65.00 by expiration. The full premium credit of $1.02 would be kept by the premium seller. The risk of $3.98 would be incurred if the stock rose above the $70.00 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 33.62 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

Cyber Monday Online Sales On Track For Biggest Day Ever
Mon, 26 Nov 2018 21:16:27 +0000
Following a big day for online purchases on Black Friday, sales on Cyber Monday are expected to be the largest U.S. online shopping day since its debut.

3 Reasons Why Stocks Are Rebounding Today
Mon, 26 Nov 2018 18:17:06 +0000
U.S. stocks recovered nearly a third of their losses from the previous week shortly after the open Monday, restoring some confidence in a market that has been plagued by rising interest rates and concerns about a global economic slowdown.

Hottest Online Stock & ETF Deals for Cyber Monday
Mon, 26 Nov 2018 15:11:03 +0000
Given the solid online shopping frenzy, Cyber Monday is projected to become the largest U.S. online shopping day in history.

Can Cyber Monday Save Apple ETFs?
Mon, 26 Nov 2018 13:00:01 +0000
Apple shares have been beaten-down of late. Wil Cyber Monday be able to re-energize this tech stock and the related ETFs?

Taxes may be a bigger part of online shopping this season
Mon, 26 Nov 2018 05:05:53 +0000
WASHINGTON (AP) — Shoppers heading online to purchase holiday gifts will find they're being charged sales tax at some websites where they weren't before. The reason: the Supreme Court.

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