Best Buy (BBY) Offering Possible 31.23% Return Over the Next 16 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 $112.00 short call and a strike $117.00 long call offers a potential 31.23% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $112.00 by expiration. The full premium credit of $1.19 would be kept by the premium seller. The risk of $3.81 would be incurred if the stock rose above the $117.00 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 66.33 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

Zacks.com featured highlights include: Lam Research, Best Buy, T. Rowe Price, Cadence Design Systems and KLA Corporation
Mon, 31 Aug 2020 16:28:04 +0000
Zacks.com featured highlights include: Lam Research, Best Buy, T. Rowe Price, Cadence Design Systems and KLA Corporation

Are Investors Undervaluing Best Buy (BBY) Right Now?
Mon, 31 Aug 2020 15:50:03 +0000
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Intuit Stock Can Gain As Small Businesses and Tax Filers Buy Its Software
Fri, 28 Aug 2020 23:36:00 +0000
This, coupled with strong consumer tax results from do-it-yourself and Turbo-Tax-Live share gains, should enable Intuit to post low-double digit revenue growth, and incremental margin gains. We have increased our earnings assumptions for 2020 and 2021, and our price target, to reflect the higher estimates. Walmart’s early investments in online grocery positioned the retailer for strong growth during and after the pandemic.

Stock market news live updates: Nasdaq, S&P perched at new records; Dow reverses all of coronavirus losses
Fri, 28 Aug 2020 20:11:19 +0000
Markets are weighing more action from the Federal Reserve against the coronavirus' ongoing drag on the economy.

3 Reasons Why Best Buy (BBY) Is a Great Growth Stock
Fri, 28 Aug 2020 16:45:04 +0000
Best Buy (BBY) possesses solid growth attributes, which could help it handily outperform the market.

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