Thursday, November 16, 2017 11:46:17 AM
Today, leading retailer of technology products, Best Buy Co., Inc. (NYSE:BBY), is declining sharply lower after reporting earnings. The stock is trading down by nearly 6.0 percent to $53.98 a share. Traders should note that BBY shares are now testing the daily 200-day moving average. A daily chart close below that key moving average should signal more downside for the electronics retailer.
The next major chart support level for BBY stock will be around the $49.00 area. This a scene of the crime support level that will often be defended when retested. Traders should keep an eye on this level as it should give us a solid trading opportunity.
Nicholas Santiago
InTheMoneyStocks
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
VPR Brands LP Reports Record Annual Financial Performance for Fiscal Year 2023 • VPRB • Apr 19, 2024 11:24 AM
Coinllectibles' Subsidiary, Grand Town Development Limited, Acquires Rare Song Dynasty Ceramics Worth Over USD28million • COSG • Apr 18, 2024 8:03 AM
ILUS Provides Form 10-K Filing Update • ILUS • Apr 17, 2024 9:54 AM
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Cannabix Technologies Begins Certification of Contactless Alcohol Breathalyzer, Re-Brands product series to Breath Logix • BLOZF • Apr 16, 2024 8:52 AM