Wednesday, September 20, 2017 12:40:51 PM
The leading electronics retailer Best Buy Inc(NYSE:BBY) has tumbled lower again after presenting lackluster guidance at its Investor Day conference. The reality is that the stock topped out on August 24th at $63.32 a share. Since that high pivot in the stock the shares have declined to $52.50 where it is trading today. According to some larger time frame charts this stock should not have major support until the $46.75 level. This tells us there could be more short term pain in the cards for BBY stock. Traders should note that the 446.75 level is where the stock broke out in March 2017. This level should serve as major support when retested.
Nick Santiago
www.inthemoneystocks.com
Recent BBY News
- Best Buy, Google Cloud, and Accenture Partner to Create a Better Customer Support Experience with Generative AI • PR Newswire (US) • 04/09/2024 12:10:00 PM
- FedEx Soars 13% with Profits Above Forecasts, Nike Hit by China Slowdown, and Latest News • IH Market News • 03/22/2024 01:07:53 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 08:37:26 PM
- Best Buy to Present at the UBS Global Consumer and Retail Conference on March 14 • Business Wire • 03/11/2024 08:10:00 PM
- Best Buy Announces Retirement of Board Chairman J. Patrick Doyle, Appoints David Kenny • Business Wire • 03/07/2024 02:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/07/2024 01:06:44 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 10:45:29 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 10:45:21 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/01/2024 10:40:41 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/01/2024 09:27:24 PM
- Best Buy Announces Regular Quarterly Cash Dividend • Business Wire • 03/01/2024 01:00:00 PM
- Best Buy Reports Slight Dip in Q4 Revenue with Eyes on Future Growth • IH Market News • 02/29/2024 02:14:14 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/29/2024 12:00:40 PM
- Best Buy Reports Fourth Quarter Results • Business Wire • 02/29/2024 12:00:00 PM
- U.S. Futures Dip as PCE Data Looms; Modest Gains for WTI and Brent Crude in April Contracts • IH Market News • 02/29/2024 11:13:07 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/29/2024 12:19:04 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/29/2024 12:07:30 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/28/2024 11:55:43 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 01/24/2024 02:46:40 PM
- Balfour Beatty’s US Operations Hires Kellie Ajjan as Senior Vice President of Human Resources • Business Wire • 01/04/2024 05:11:00 PM
- Form 4/A - Statement of changes in beneficial ownership of securities: [Amend] • Edgar (US Regulatory) • 12/22/2023 09:39:20 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/22/2023 09:38:19 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 12/20/2023 09:59:34 PM
- Balfour Beatty Announces Executive Appointments for US Operations • Business Wire • 12/19/2023 01:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/18/2023 10:13:22 PM
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