notilttrading

Starting a position with $BBY

Long
NYSE:BBY   Best Buy Co., Inc.
Holding support at the 50-day MA, we want to see it takeoff and bounce from here. Need to be wary of future red days in the market, could take this stock down with it and ruin the patterns we are seeing forming. Riskier pick as we are getting real tight to the support level. Nice oversold values, bounce is coming, question will be when and for how long.

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