The Greedy Trader Weekly Analysis
Sign In Dec 15, 2017
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Best Buy Co., Inc.
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Summary:
Weekly :Williams' Percentage Range is overboughtWeekly  MACD line has moved above its signal line
Daily :Relative Strength Index and Lane's Stochastic are overboughtLane's Stochastic and MACD bearish divergence
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It was a third consecutive positive week for the Best Buy Co., Inc. (BBY). During the week, the BBY gained 3.44 points, or 5.70%, and closed at 63.79 on Friday, December 08, 2017. It was the best weekly gain since July 28, 2017. BBY was trading at average weekly trading volume.

Long-term trend: [See BBY long-term trend chart]
A long-term uptrend had started on January 15, 2016 at 25.31 and reached 64.12 on December 8, 2017. BBY gained -38.81 points, or -153.34%, in 99 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 57.73 and resistance is at 66.09. 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 long-term trend.

Medium-term trend: [See BBY medium-term trend chart]
A medium-term uptrend had started on September 19, 2017 at 51.61 and reached 64.12 on December 8, 2017. BBY gained -12.51 points, or -24.24%, in 11 weeks. Price is near the trend high.

Weekly Technical Indicators: [See BBY weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.

Short-term trend: [See BBY short-term trend chart]
A short-term uptrend had started on December 7, 2017 at 60.85 and reached 64.12 on December 8, 2017. BBY gained -3.27 points, or -5.37%, in 1 days. The price is now at the 10.09% retracement level.

Daily Technical Indicators: [See BBY daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Lane's Stochastic. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is above its signal line since November 22, 2017. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 84.02
Overbought
Williams' Percentage Range (W%R) 20.40
Lane's Stochastic (%D-Slow) 86.01
Overbought Bearish
Greed/Fear Indicator (GFI) 83.19
Overbought
Moving Average Converg./Diverg. (MACD) 1.04 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.79
Williams' Percentage Range (W%R) 18.30
Overbought
Lane's Stochastic (%D-Slow) 70.85
Greed/Fear Indicator (GFI) 69.50
Moving Average Converg./Diverg. (MACD) 1.53
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 66.09
Upper Bollinger Band 64.11
Price 63.79
Daily Stochastic Crossing 63.02
Weekly Stochastic Crossing 61.21
Parabolic System 60.29
20 Day Moving Average 58.49
Quarterly Trendline Support 57.73
50 Day Moving Average 57.15
Lower Bollinger Band 54.23
Sector and Industry
Description Name Rank
Sector Services 7
Industry Electronics Stores 113
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 60.85
Low Date 12/07/2017
High 64.12
High Date 12/08/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 52.92
Low Date 11/16/2017
High 64.12
High Date 12/08/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 51.61
Low Date 09/19/2017
High 64.12
High Date 12/08/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 66.09
Support 57.73
Low 25.31
Low Date 01/15/2016
High 64.12
High Date 12/08/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 11.20
Low Date 12/27/2012
High 64.12
High Date 12/08/2017
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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