• Return to Headlines

Best Buy Co Inc Bullish Moving Average Crossover Alert (BBY)

By David Diaz

Today, shares of Best Buy Co Inc (NYSE:BBY) have crossed bullishly above their 10-day moving average of $60.16 on a volume of 419K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Best Buy Co Inc share prices have been bracketed by a low of $29.05 and a high of $62.36 and are now at $60.37, 108% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

SmarTrend recommended that subscribers consider buying shares of Best Buy Co Inc on March 29th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $47.49. Since that recommendation, shares of Best Buy Co Inc have risen 25.9%. We continue to monitor BBY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses best buy co inc

Ticker(s): BBY