Best Buy (BBY) Offering Possible 10.38% Return Over the Next 3 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 $71.50 short call and a strike $76.50 long call offers a potential 10.38% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $71.50 by expiration. The full premium credit of $0.47 would be kept by the premium seller. The risk of $4.53 would be incurred if the stock rose above the $76.50 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 32.59 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

Ken Heebner's Capital Growth Management Discloses Top 6 New Positions for 4th Quarter
Fri, 09 Feb 2018 22:29:12 +0000
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See what the IHS Markit Score report has to say about Best Buy Co Inc.
Fri, 09 Feb 2018 13:01:22 +0000
Best Buy Co Inc NYSE:BBY

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Making Sense of Walmart’s Layoffs and Store Closures
Tue, 06 Feb 2018 12:32:49 +0000
“Transforming our business means managing our real estate portfolio and Walmart needs a strong fleet of Sam’s Clubs that are fit for the future,” John Furner, CEO of Sam’s Club, noted in a statement. Furner noted that these store closures could result in job losses and that the company implemented measures to assist the affected workers.

Dicks Sporting Goods Faces An Unlikely Competitor, Barclays Says
Mon, 05 Feb 2018 21:40:35 +0000
Dicks Sporting Goods Inc (NYSE: DKS ) may not be the Best Buy Co Inc (NYSE: BBY ) of the sporting goods industry after all, according to a new Barclays report.  The Analyst   Matthew McClintock downgraded …

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