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     This is a related view to:
        Best Buy Beating Competition, Shares Should See a Rebound   by Eliza Popescu on 04/02/08

1 pt

Best Buy Should Move Above 50-Day Moving Average

 Apr 02, 2008 08:21 PM UTC
Return Risk
-54.54% MID
Tracked Blogger
Symbol Sentiment Start Return Closed
BBY Positive 04/02/08 -54.54% --

4/2 - "Technically, the stock currently has a negative technical profile. Intermediate trend is down. The stock trades below its 50 and 200 day moving average. Strength relative to the S&P 500 Index is negative. However, the stock is showing early technical signs of bottoming. Short term momentum indicators (MACD, RSI, Stochastics) are recovering from oversold levels. Strength this morning likely will push the stock above its 50 day moving average."




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