Best Buy's most recent trend suggests a bearish bias. One trading opportunity on Best Buy is a Bear Call Spread using a strike $46.50 short call and a strike $51.50 long call offers a potential 17.65% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $46.50 by expiration. The full premium credit of $0.75 would be kept by the premium seller. The risk of $4.25 would be incurred if the stock rose above the $51.50 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 72.18 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
4 Retail Stocks to Buy on 9-Year High Consumer Confidence
Wed, 30 Nov 2016 20:31:08 GMT
Market Reacts: Best Buy Stock Rose 52% This Year
Wed, 30 Nov 2016 17:28:33 GMT
Best Buy School Tech Grants offer secondary schools the chance to improve classroom technology
Wed, 30 Nov 2016 14:00:00 GMT
CNW Group – Best Buy School Tech Grants offer secondary schools the chance to improve classroom technology
Will Best Buy (BBY) Crush Estimates at Its Next Earnings Report?
Wed, 30 Nov 2016 13:35:01 GMT
Economy Rose At Fastest Pace In 2 Years As Consumer Confidence Soars
Tue, 29 Nov 2016 21:13:28 GMT
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