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

By Amy Schwartz

Today, shares of Best Buy (NYSE:BBY) have fallen below their 10-day MA of $31.98 on a volume of 2.4 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Best Buy has traded in a range of $25.31 to $39.10 and is now at $31.03, 23% above that low. 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 tracking the current trend status for Best Buy and will alert subscribers who have BBY in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Best Buy

Ticker(s): BBY