A 52 Week Low for Best Buy

bby New York, November 21st (TradersHuddle.com) - 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 17,390.52 ▲195.10 (1.13%)
o S&P 500 2,018.05 ▲23.40 (1.17%)
o NASDAQ 4,630.74 ▲64.60 (1.41%)
INDEXDJX:.DJI

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:17,390.52 Trade time:4:32PM EDT Value change:▲195.10 (1.13%)
INDEXSP:.INX

S&P 500

Company ID [INDEXSP:.INX] Last trade:2,018.05 Trade time:4:32PM EDT Value change:▲23.40 (1.17%)
INDEXNASDAQ:.IXIC

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Company ID [INDEXNASDAQ:.IXIC] Last trade:4,630.74 Trade time:5:15PM EDT Value change:▲64.60 (1.41%)

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