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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 18,288.63 ▲155.93 (0.86%)
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o NASDAQ 5,008.10 ▲44.57 (0.90%)
INDEXDJX:.DJI

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Company ID [INDEXDJX:.DJI] Last trade:18,288.63 Trade time:4:34PM EST Value change:▲155.93 (0.86%)
INDEXSP:.INX

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Company ID [INDEXSP:.INX] Last trade:2,117.39 Trade time:4:34PM EST Value change:▲12.89 (0.61%)
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Company ID [INDEXNASDAQ:.IXIC] Last trade:5,008.10 Trade time:5:16PM EST Value change:▲44.57 (0.90%)

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