Best Buy's most recent trend suggests a bullish bias. One trading opportunity on Best Buy is a Bull Put Spread using a strike $33.00 short put and a strike $28.00 long put offers a potential 7.3% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $33.00 by expiration. The full premium credit of $0.34 would be kept by the premium seller. The risk of $4.66 would be incurred if the stock dropped below the $28.00 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 70.99 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
BlackBerry Expands E-Payments On Heels Of Apple Pay
Thu, 18 Sep 2014 18:03:00 GMT
How Dying Retailers Like Sears Are Trying to Stay Alive
Thu, 18 Sep 2014 17:46:00 GMT
Cramer: Alibaba at $80 would be nice
Thu, 18 Sep 2014 12:53:00 GMT
BEST BUY CO INC Financials
Wed, 17 Sep 2014 17:04:11 GMT
5 Reasons Amazon Should Buy RadioShack
Wed, 17 Sep 2014 13:55:21 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook