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After Yesterday's Decline of 1.54%, Best Buy Co Inc Offers Investors Better Value

By Shiri Gupta

Best Buy Co Inc (NYSE:BBY) traded in a range yesterday that spanned from a low of $70.25 to a high of $71.98. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $70.60 on volume of 2.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Best Buy Co Inc has traded in a range of $29.05 to $78.59 and is now at $70.44, 142% 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 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: rebounders best buy co inc

Ticker(s): BBY