Best Buy About To Go Negative (BBY)

Best Buy BBY released its Q4 earnings results on Thursday morning. The stock got a brief pop, despite the results being quite lackluster, but was then sold off hard on Thursday and Friday. The shares looked like they might get a little bit of a bounce on Monday, but that too, appears to have fizzled out. The stock is currently sitting at its lows of the day, up 0.07% to $29.24 as traders and investors continue to sell any strength in the name. If BBY does go red, short term traders may want to look at it for a possible continuation lower.