Best Buy (BBY) Offering Possible 40.85% Return Over the Next 20 Calendar Days

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Best Buy’s most recent trend suggests a bearish bias. One trading opportunity on Best Buy is a Bear Call Spread using a strike $114.00 short call and a strike $119.00 long call offers a potential 40.85% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $114.00 by expiration. The full premium credit of $1.45 would be kept by the premium seller. The risk of $3.55 would be incurred if the stock rose above the $119.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Best Buy is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Best Buy is bearish.

The RSI indicator is at 61.63 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Best Buy

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Thu, 28 Jan 2021 16:30:04 +0000
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Wed, 27 Jan 2021 22:12:43 +0000
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Is Best Buy (BBY) a Solid Growth Stock? 3 Reasons to Think ” Yes “
Wed, 27 Jan 2021 17:45:05 +0000
Best Buy (BBY) could produce exceptional returns because of its solid growth attributes.

Is Best Buy (BBY) Stock Undervalued Right Now?
Wed, 27 Jan 2021 16:50:04 +0000
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

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