Best Buy has moved sideways since December, but some traders may expect a breakout soon.
The first pattern on today’s chart is the pair of falling trendlines. One ran along the highs of July and December, which BBY crossed in late February. A second along the March highs was broken this week. That may suggest downward pressure is fading in the retailer.
Second,...
Best Buy Co., Inc. engages in the provision of consumer technology products and services. It operates through two business segments: Domestic and International. The Domestic segment includes operations in all states, districts, and territories of the U.S., operating under various brand names, including Best Buy, Best Buy Mobile, Geek Squad, Magnolia Audio Video,...
NYSE:BBY Long above 73.49 , Short Below 72.92! - Continuation play Day 2 on Upbeat Retail Sales! Let's See! @everyone
Here's a breakdown of the expectations and my analysis for Best Buy Co Inc ( NYSE:BBY ) for the upcoming trading day on Monday, the 4th:
Opening Price: Expected to open at $72.57.
Expected Price Range: Anticipated to fluctuate between $71.47 and...
If you haven`t bought BBY here:
Then analyzing the options chain and the chart patterns of RUM Rumble prior to the earnings report this week,
I would consider purchasing the 70usd strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $2.72.
If these options prove to be profitable prior to the earnings release, I would sell at...
Hi traders
Let's have a lookg at BBY
BestBuy looks interesting
The price reached the buy area and we are seeing a reaction.
The stock is still in a downtrend but entering a long position at the key support and playing a bounce towards the downsloping resistance is reasonable idea.
What do you think?
Do you agree?
If you haven`t bought BBY here:
Then analyzing the options chain and the chart patterns of BBY Best Buy Co prior to the earnings report this week,
I would consider purchasing the 77.50usd strike price Calls with
an expiration date of 2024-6-21,
for a premium of approximately $3.80.
If these options prove to be profitable prior to the earnings release, I would...
New Bearish alert popped out at $84 where it seems the price found a new resistance after the last long run.
Pullback or new bearish wave ?
Let's wait for the combo.
Recent Trend:
BBY stock has recently broken out of a short-term downtrend and has been showing a bullish trend. This suggests that the stock price has been rising, driven by positive market sentiment, strong financial performance, and favorable industry conditions.
Previous Rejection:
The stock price is approaching a price level where it has been rejected in the...
It looks like we should have short term rally. RSI is way oversold. MACD is still bearish and the long term trend is bearish. This is not a company you want to hold in an economic downturn.
Key Points
- Long Term Support is $48 area.
- Citi Downgraded BestBuy $65
We see a short squeeze after Citi's downgrade as expected. Regardless the market is in a downtrend.
Best Buy is a company that I never liked. However, recently I had to deal with them and found that the stores are in much nicer shape, the inventory is much better, the web experience is actually pretty clean, and moreover, at least here in Canada, there's actually nowhere else to buy electronics. They pretty much have the market cornered.
What I found is that...
I am bearish on BBY. There was a cup pattern that it made since the beginning of 2023. After that, it started to fall and continue to downtrend. My thoughts are if it can not bounce about 84.15 I will short it.
Earnings watch today, Thursday 3/2/2023. Here's a 4hr ext chart comparison, with the tickerTracker MFI Oscillator set to 20, color coordinated with these 11 tickers.
BBY
AI
AVGO
TD
M
DELL
ZS
COST
KR
CHPT
VSCO
