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

By James Quinn

Today, shares of Best Buy (NYSE:BBY) have advanced above their 10-day MA of $51.72 on a volume of 431K 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.

Over the past year, Best Buy has traded in a range of $25.31 to $52.67 and is now at $51.92, 105% above that low. The 200-day and 50-day moving averages have moved 0.1% lower and 0.25% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Best Buy 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 have risen 8.7%. 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

Ticker(s): BBY