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Best Buy Co Inc Crosses Above its 10-day MA (BBY)

By David Diaz

Today, shares of Best Buy Co Inc (NYSE:BBY) have advanced above their 10-day MA of $69.52 on a volume of 279K 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.

Best Buy Co Inc share prices have moved between a 52-week high of $84.37 and a 52-week low of $47.72 and are now trading 46% above that low price at $69.66 per share. The 200-day and 50-day moving averages have moved 0.13% lower and 0.12% higher over the past week, respectively.

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