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Recent 52-Week Low Surpassed in Shares of Best Buy Co Inc (BBY)

By James Quinn

Shares of Best Buy Co Inc (NYSE:BBY) traded at a new 52-week low today of $48.10. So far today approximately 232,000 shares have been exchanged, as compared to an average 30-day volume of 2.8 million shares.

Best Buy Co Inc share prices have moved between a 52-week high of $91.99 and the current low of $48.10 and are currently at $50.13 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 2.2%.

Best Buy Co., Inc. retails consumer electronics, home office products, entertainment software, appliances, and related services through its retail stores, as well as its web site. The Company also retails pre-recorded home entertainment products through retail stores.

Best Buy Co Inc (NYSE:BBY) has potential upside of 41.2% based on a current price of $50.13 and analysts' consensus price target of $70.76. Best Buy Co Inc shares should first meet resistance at the 200-day moving average (MA) of $75.06 and find additional resistance at the 50-day MA of $82.62.

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: 52 week high/lows best buy co inc

Ticker(s): BBY