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

By Amy Schwartz

Today, shares of Best Buy Co Inc (NYSE:BBY) have crossed bullishly above their 10-day moving average of $70.20 on a volume of 386K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Best Buy Co Inc share prices have moved between a 52-week high of $78.59 and a 52-week low of $29.05 and are now trading 145% above that low price at $71.20 per share. 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 is monitoring the recent change of momentum in Best Buy Co Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Best Buy Co Inc in search of a potential trend change.

Keywords: moving crosses best buy co inc

Ticker(s): BBY