Best Buy (BBY) Offering Possible 21.95% Return Over the Next 29 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 $75.00 short call and a strike $80.00 long call offers a potential 21.95% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $75.00 by expiration. The full premium credit of $0.90 would be kept by the premium seller. The risk of $4.10 would be incurred if the stock rose above the $80.00 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 33.56 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

Best Buy scrubs phony Huawei phone reviews from website
Tue, 13 Feb 2018 19:40:17 +0000
You can't buy Huawei Technologies' new flagship phone in the United States yet, but that didn't stop fans of the company from flooding Best Buy Co. Inc.'s website with comments about how great it is. The Richfield-based retailer removed more than 100 bogus reviews of Huawei's Mate 10 Pro device from its e-commerce store on Tuesday, after tech-news website 9to5Google linked the slew of five-star posts to a promotional campaign by Huawei . “Reviews on our site are important to customers as they research and shop for tech, but the comments have to be trusted and legitimate,” Best Buy spokeswoman Carly Charlson.

See what the IHS Markit Score report has to say about Best Buy Co Inc.
Tue, 13 Feb 2018 13:01:36 +0000
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Consumer Services sector is rising.

3 Retailers Will Benefit if Sears Goes Under: UBS
Tue, 13 Feb 2018 10:34:00 +0000
The prospect of Sears closing all its stores should lift these three retailers.

If Sears Goes Under, These 3 Retailers Will Be Big Winners: UBS
Tue, 13 Feb 2018 00:30:00 +0000
Sears' loss could be these retailers' gain as a market share vacuum opens up. Look out, Amazon — bricks and mortar isn't done yet.

Home Depot, Best Buy and Dick's Sporting Goods among the retailers poised to gain share from Sears
Mon, 12 Feb 2018 15:41:15 +0000
Home Depot Inc. , Lowe's Cos. , Best Buy Co. Inc. and Dick's Sporting Goods Inc. are among the retailers poised to gain market share as Sears Holdings Corp. continues to surrender it, according to UBS. …

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