Best Buy (BBY) NewsBite - BBY Could Be On the Move
Posted: Thursday, March 18, 2010 10:10 AM EDT
By: Market Intelligence Center Staff
Best Buy (BBY) could be on the move today and is now at $40.28, up $0.17 (0.42%) on volume of 644,277 shares traded. BBY was covered in a was covered in a Lee Allen report today. To read the report, go to www.marketintelligencecenter.com/la031810 . Over the last 52 weeks the stock has ranged from a low of $31.25 to a high of $45.55. Best Buy stock has been showing support around $39.40 and resistance in the $40.50 range. Technical indicators for the stock are neutral and S&P gives BBY a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on BBY the stock seems like it could be a candidate for a June out-of-the-money bull-put credit spread below the 36 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Best Buy (BBY) Stock ReportSee what our analysts have uncovered about Best Buy (BBY).