• Return to Headlines

Crash Flashback: Best Buy Currently 11.40% Below its May 6th Crash Low of $39.00 (BBY)

Written on Fri, 07/30/2010 - 5:29am
By Chip Brian

Best Buy (NYSE:BBY) is currently trading 11.40% below its May 6th low of $39.00. Investors are looking to see if the shares can regain the May 'flash crash' level which may act as short-term resistance.
In the past 52-weeks, shares of Best Buy have traded between a low of $32.81 and a high of $48.83 and are now at $34.55, which is 5.30% above that low price.
SmarTrend is bearish on shares of Best Buy and our subscribers were alerted to Sell on June 23, 2010 at $36.41. The stock has fallen 5.1% since the alert was issued.

Keywords: Best Buy flash crash

Ticker(s): BBY

Contact Chip Brian



Smartrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com.

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at http://www.mysmartrend.com/morning-call-newsletter-signup.