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Shares of Best Buy Co Inc Are Down on Strong Volume (BBY)

By Nick Russo

Best Buy Co Inc shares are trading on heavy volume today, having fallen 2.2% to $66.11. Approximately 3.0 million shares have changed hands today vs. average 30-day volume of 2.6 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

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.

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 $66.68, 40% above that low price. The 200-day and 50-day moving averages have moved 0.14% lower and 0.09% higher over the past week, respectively.

Keywords: unusual volume best buy co inc

Ticker(s): BBY