SmarTrend identified an Uptrend for Best Buy BBY on March 05, 2010 at $38.20. In approximately 2 weeks, Best Buy has returned 5.6% as of today's recent price of $40.33.
Best Buy is currently above its 50-day moving average of $37.78 and above its 200-day moving average of $38.31. Look for these moving averages to climb to confirm the company's upward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Best Buy shares.
Write to Chip Brian at cbrian@tradethetrend.com
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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
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