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bby New York, November 21st ( - Shares of Best Buy Co., Inc. (NYSE:BBY) booked a new 52 week low by trading below $11.74. 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 -3.26% 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.

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o Dow Jones 17,798.49 ▼14.90 (-0.08%)
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o NASDAQ 5,127.52 ▲11.38 (0.22%)

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Company ID [INDEXDJX:.DJI] Last trade:17,798.49 Trade time:1:57PM EST Value change:▼14.90 (-0.08%)

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Company ID [INDEXSP:.INX] Last trade:2,090.11 Trade time:1:57PM EST Value change:▲1.24 (0.06%)


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