Best Buy Lower With High Volume

bby New York, November 21st (TradersHuddle.com) - Unusual high volume detected on shares of Best Buy Co., Inc. (NYSE:BBY) early in the trading session. The pace in volume of Best Buy is already above average, with sellers in control, as the stock is 3.26% lower.

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 has already traded 1.085 times its 3-month average volume and has calculated support and resistance at $13.52 and $16.25 respectively. Traders like to use volume as their lie detector for price action movement through predefined trading ranges.

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 17,416.85 ▲225.48 (1.31%)
o S&P 500 2,021.25 ▲19.09 (0.95%)
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INDEXDJX:.DJI

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:17,416.85 Trade time:4:31PM EST Value change:▲225.48 (1.31%)
INDEXSP:.INX

S&P 500

Company ID [INDEXSP:.INX] Last trade:2,021.25 Trade time:4:31PM EST Value change:▲19.09 (0.95%)
INDEXNASDAQ:.IXIC

NASDAQ

Company ID [INDEXNASDAQ:.IXIC] Last trade:4,683.41 Trade time:5:15PM EST Value change:▲45.41 (0.98%)
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