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Best Buy Down 27.9% Since SmarTrend Downtrend Call (BBY)

TMCNet:  Best Buy Down 27.9% Since SmarTrend Downtrend Call (BBY)

[December 31, 2012]

Best Buy Down 27.9% Since SmarTrend Downtrend Call (BBY)

Dec 31, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Best Buy (NYSE:BBY) on October 25th, 2012 at $15.71. In approximately 2 months, Best Buy has returned 27.86% as of today's recent price of $11.33.

Over the past year, Best Buy has traded in a range of $11.20 to $27.95 and is now at $11.42, 2% above that low. Over the past week, the 200-day moving average (MA) has gone down 1.4% while the 50-day MA has declined 3.5%.

Best Buy Co., Inc. retails consumer electronics, home office products, entertainment software, appliances and related services through its retail stores, as well as its web site. The Company also retails pre-recorded home entertainment products through retail stores.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Best Buy.

Log in and add Best Buy (BBY) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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