• Return to Headlines

Bullish Moving Average Cross by Best Buy Co Inc (BBY)

By Nick Russo

Today, shares of Best Buy Co Inc (NYSE:BBY) have crossed bullishly above their 10-day moving average of $67.14 on a volume of 431K 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 $47.72 and a high of $84.37 and are now at $68.22, 43% 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 0.2%.

SmarTrend is tracking the current trend status for Best Buy Co Inc and will alert subscribers who have BBY in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses best buy co inc

Ticker(s): BBY