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

By James Quinn

Today, shares of Best Buy Co Inc (NYSE:BBY) have crossed bullishly above their 10-day moving average of $66.78 on a volume of 242K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Best Buy Co Inc have traded between a low of $47.72 and a high of $78.53 and are now at $67.00, which is 40% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has declined 1%.

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