Best Buy (BBY) Offering Possible 28.21% Return Over the Next 30 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 $72.50 short call and a strike $77.50 long call offers a potential 28.21% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $72.50 by expiration. The full premium credit of $1.10 would be kept by the premium seller. The risk of $3.90 would be incurred if the stock rose above the $77.50 long call 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 down which suggests that the medium-term momentum for Best Buy is bearish.

The RSI indicator is at 27.38 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

Q1 Earnings Preview: Lowe's (LOW), Best Buy (BBY) & Ross Stores (ROST)
Mon, 20 May 2019 22:47:10 +0000
Let's see what to expect from Lowe's (LOW), Best Buy (BBY) & Ross Stores' (ROST) quarterly earnings results amid an extremely busy week for the retail industry.

Best Buy's (BBY) to Post Q1 Earnings: Is a Beat in Store?
Mon, 20 May 2019 15:17:03 +0000
Supply-chain initiatives, enhancement of digital capabilities and the Best Buy 2020 plan bode well for Best Buy's (BBY) Q1 results.

4 Big Earnings Reports I'm Watching This Week
Sun, 19 May 2019 13:30:00 +0000
It's a key week for retail stocks, with these four well-known names all set to post quarterly results.

Minnesota's Fortune 500 team slips to 17 companies, and it'll likely shrink more (gallery)
Thu, 16 May 2019 19:41:32 +0000
At least two other companies are likely to soon depart the state's roster of Fortune 500 companies, which has long been a regional point of pride.

Best Buy (BBY) Reports Next Week: Wall Street Expects Earnings Growth
Thu, 16 May 2019 14:30:02 +0000
Best Buy (BBY) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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