Best Buy (BBY) Offering Possible 18.76% Return Over the Next 29 Calendar Days

Best Buy’s most recent trend suggests a bullish bias. One trading opportunity on Best Buy is a Bull Put Spread using a strike $72.50 short put and a strike $67.50 long put offers a potential 18.76% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $72.50 by expiration. The full premium credit of $0.79 would be kept by the premium seller. The risk of $4.21 would be incurred if the stock dropped below the $67.50 long put strike price.

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

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

The RSI indicator is at 50.22 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here


LATEST NEWS for Best Buy

At Home says tariffs wouldn’t hurt fiscal 2019 or 2020 results
Tue, 17 Jul 2018 13:25:00 +0000
Home furnishings and décor retailer At Home Group Inc. (home) says proposed tariffs on $200 billion in Chinese goods won’t have a material impact on results for fiscal 2019 or fiscal 2020. “Additionally, with an average selling price of less than $15 and an average basket of approximately $65, the company believes that in some circumstances, price adjustments could be made without materially affecting its overall customer value proposition,” At Home said.

The Zacks Analyst Blog Highlights: Amazon, Best Buy, Kroger, Shoe Carnival and Dillard???s
Tue, 17 Jul 2018 12:25:12 +0000
The Zacks Analyst Blog Highlights: Amazon, Best Buy, Kroger, Shoe Carnival and Dillard???s

Who are Amazon’s (AMZN) main competitors?
Mon, 16 Jul 2018 20:04:00 +0000
Learn about companies that Amazon competes with — including Google, Alibaba Group, Walmart and Target — in each of its different revenue segments.

4 GARP Stocks to Buy Now
Mon, 16 Jul 2018 19:46:50 +0000
Growth at a reasonable price stocks — or GARP stocks — are a good fit for investors who are looking for equities that can rise significantly over the longer time, but are wary about owning expensive shares. For investors looking for GARP stocks, here are 4 to check out today. Best Buy Co Inc (NYSE: BBY) stock is trading at a forward price to earnings ratio of under 14, and its price to sales ratio is a tiny 0.48.

Brick-and-Mortar Takes on Amazon Prime Day Challenge: 4 Hot Picks
Mon, 16 Jul 2018 16:25:00 +0000
As Amazon Prime Day is round the corner, brick-and-mortar retailers are looking for ways to compete with the astounding sales that are almost scaling near the “Black Friday” level. This calls for investing in retailers poised to gain from their promotional sales campaigns during this Amazon Prime Day event. This year’s Prime Day starts off on Jul 16 and wraps up on Jul 17.

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