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6 pts

Opinion on  Best Buy Co Inc (BBY)     Sector: Services  >  Industry: Retail (Technology)
strictly technical, strictly swing

Aug 02, 2008 03:39 AM UTC
Ry_3d320
Return Risk
-24.87% MID
Sr. Analyst

Good time for a rebound for this stock.  I usually use the 7, 10, and 20 simple moving averages for 2 week swing trades.  The price has crossed above all three now for 4 trading days.  RSI is mid-range.  This stock should bounce off the M/A for 10 - 20 trading days.  I'm expecting a small movement up to 43.00 / share.  I'm taking a position of 500 shares.

BBY:  This call was made on 08/02/08 @ $40.0
Rating:   Positive   $40.0 (08/02/08)
Closed:   08/23/2008 @ $44.93 (+12.32% in 21 days)
Target:   $43.00 (+7.50%) in One month


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