Next, the technical chart is not only extremely overbought, but has just filled a major gap. This represents a major level for a pull back that should begin as early as tomorrow. Lastly, for those that have learned the PPT Methodology, please note the daily time count. Just another signal the stock is ready to pull back.
Best Buy Co. has had a great run. I am not looking to take anything away from it. I am just recognizing that the stock is ready to pull back over the next few months.
Chief Market Strategist