The Greedy Trader Weekly Analysis
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Best Buy Co., Inc.
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Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :Daily  MACD line has moved below its signal line20 Day Moving Average has crossed above the 50 Day Moving AverageThe price is close to the moving average in the center of the Bollinger Bands
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It was the negative week for the Best Buy Co., Inc. (BBY). During the week, the BBY gave back -0.30 points, or -0.40%, and closed at 74.28 on Friday, July 06, 2018. Weekly volume was -52% below average.

BBY is a member of Services Sector. Services is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See BBY long-term trend chart]
A long-term uptrend had started on December 27, 2012 at 11.20 and reached 79.90 on May 16, 2018. BBY gained -68.70 points, or -613.39%, in 280 weeks. The chart has formed a Rising Pennant chart pattern. The uptrend resistance line (37.23) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See BBY medium-term trend chart]
A medium-term uptrend had started on January 15, 2016 at 25.31 and reached 79.90 on May 16, 2018. BBY gained -54.59 points, or -215.69%, in 121 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 67.83 and resistance is at 76.19. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See BBY weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since May 18, 2018. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.

Short-term trend: [See BBY short-term trend chart]
A short-term downtrend had started on June 22, 2018 at 77.97 and reached 72.84 on July 2, 2018. BBY lost 5.13 points, or 6.58%, in 10 days. The chart has formed a Falling Channel chart pattern.

Daily Technical Indicators: [See BBY daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

The price is close to the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.07
Williams' Percentage Range (W%R) 58.60
Lane's Stochastic (%D-Slow) 24.94
Greed/Fear Indicator (GFI) 38.12
Moving Average Converg./Diverg. (MACD) 0.34
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.27
Williams' Percentage Range (W%R) 45.80
Lane's Stochastic (%D-Slow) 51.96
Greed/Fear Indicator (GFI) 53.01
Moving Average Converg./Diverg. (MACD) 2.89
Trading Signals
Description Value Chart
Upper Bollinger Band 77.10
Quarterly Trendline Resistance 76.19
Parabolic System 76.01
20 Day Moving Average 74.77
Weekly Stochastic Crossing 74.77
50 Day Moving Average 74.61
Price 74.28
Daily Stochastic Crossing 73.88
Lower Bollinger Band 71.72
Quarterly Trendline Support 67.83
Sector and Industry
Description Name Rank
Sector Services 8
Industry Electronics Stores 80
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Channel
High 77.97
High Date 06/22/2018
Low 72.84
Low Date 07/02/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 67.55
Low Date 05/30/2018
High 77.97
High Date 06/22/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 51.61
Low Date 09/19/2017
High 79.90
High Date 05/16/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 76.19
Support 67.83
Low 25.31
Low Date 01/15/2016
High 79.90
High Date 05/16/2018
Description Value
Direction Up
Chart Pattern Rising Pennant
Status Broken Resistance
Resistance 35.39
Support 37.23
Low 11.20
Low Date 12/27/2012
High 79.90
High Date 05/16/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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