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 16,792.16 ▲114.26 (0.69%)
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INDEXDJX:.DJI

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Company ID [INDEXDJX:.DJI] Last trade:16,792.16 Trade time:2:44PM EDT Value change:▲114.26 (0.69%)
INDEXSP:.INX

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Company ID [INDEXSP:.INX] Last trade:1,962.08 Trade time:2:44PM EDT Value change:▲11.26 (0.58%)
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