Trade Alert - Best Buy at New Lows

bby New York, November 20th (TradersHuddle.com) - Shares of Best Buy Co., Inc. (NYSE:BBY) booked a new 52 week low by trading below $13.52. Traders are definitely monitoring Best Buy's price action to see if this move attracts further selling, or if this last push down sets a tradable bottom in the stock.

Best Buy Co., Inc. (NYSE:BBY) retails consumer electronics, computers, entertainment software, appliances and related services through its retail stores, as well as its web site.

Best Buy is currently trading -13.16% versus its previous trading session close, and it has calculated support and resistance at $13.52 and $16.25 respectively. Clearly, with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range.

The overall market index S&P 500 is trading flat by 0% from its previous trading close, which means that Best Buy stock is underperforming the overall market.

TradersHuddle Search

Stock Search:


Site Search:

Loading

Technical Scans

Recent Trading Ideas

Latest Partner Headlines

Stock Market

Loading
Chart
o Dow Jones 17,086.63 ▼26.91 (-0.16%)
o S&P 500 1,987.01 ▲3.48 (0.18%)
o NASDAQ 4,473.70 ▲17.68 (0.40%)
INDEXDJX:.DJI

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:17,086.63 Trade time:4:31PM EDT Value change:▼26.91 (-0.16%)
INDEXSP:.INX

S&P 500

Company ID [INDEXSP:.INX] Last trade:1,987.01 Trade time:4:31PM EDT Value change:▲3.48 (0.18%)
INDEXNASDAQ:.IXIC

NASDAQ

Company ID [INDEXNASDAQ:.IXIC] Last trade:4,473.70 Trade time:5:15PM EDT Value change:▲17.68 (0.40%)

In The Wires

Copyright © 2013 TradersHuddle.com. All Rights Reserved.