Best Buy Offering Possible 25% Return Over the Next 39 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 $39.00 short call and a strike $44.00 long call offers a potential 25% return on risk over the next 39 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $39.00 by expiration. The full premium credit of $1.00 would be kept by the premium seller. The risk of $4.00 would be incurred if the stock rose above the $44.00 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 27 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Best Buy

Best Buy Names Cabela’s CEO Tommy Millner to Board of Directors
Tue, 14 Jan 2014 23:13:26 GMT
noodls – SIDNEY, Neb.–(BUSINESS WIRE)–Jan. 14, 2014– Cabela's Incorporated (NYSE:CAB) announced today that its President and Chief Executive Officer Thomas L. Millner was appointed to the Board of Directors …

Best Buy Announces New Member of its Board of Directors
Tue, 14 Jan 2014 22:33:58 GMT
noodls – (Thomson Reuters ONE via COMTEX) –MINNEAPOLIS – Jan. 14, 2014 – Best Buy Co., Inc. (NYSE: BBY), the leading authority and destination for technology products and services, today announced the appointment …

BEST BUY CO INC Files SEC form 8-K, Change in Directors or Principal Officers, Regulation FD Disclosure, Financial St
Tue, 14 Jan 2014 21:38:27 GMT

Best Buy Announces New Member of its Board of Directors
Tue, 14 Jan 2014 21:31:01 GMT
Thomson Reuters ONE – MINNEAPOLIS – Jan. 14, 2014 – Best Buy Co., Inc. (NYSE: BBY), the leading authority and destination for technology products and services, today announced the appointment of Thomas L. “Tommy” …

GameStop tumbles 20%; Tesla surges on strong sales
Tue, 14 Jan 2014 21:22:40 GMT
MarketWatch – GameStop skids after it lowers its earnings estimate for the critical holiday quarter while Tesla accelerates on stronger-than-expected car sales.

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