Best Buy's most recent trend suggests a bullish bias. One trading opportunity on Best Buy is a Bull Put Spread using a strike $37.50 short put and a strike $32.50 long put offers a potential 16.55% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $37.50 by expiration. The full premium credit of $0.71 would be kept by the premium seller. The risk of $4.29 would be incurred if the stock dropped below the $32.50 long put 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 up which suggests that the medium-term momentum for Best Buy is bullish.
The RSI indicator is at 77.2 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
Review: 4 shopping apps that will save you money
Wed, 26 Nov 2014 08:02:07 GMT
Sell these stocks before Thanksgiving
Tue, 25 Nov 2014 22:05:00 GMT
Citigroup Thinks Best Buy, Dick's Sporting Goods Are ‘Well Positioned To Outshine'
Tue, 25 Nov 2014 19:13:13 GMT
Thanksgiving trumps Black Friday for deals
Tue, 25 Nov 2014 18:32:16 GMT
High-end shopper thrives while low-income survives
Tue, 25 Nov 2014 17:05:58 GMT
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