Might Dip into Best Buy
I might be willing to actually take a shot at Best Buy (BBY) here, but I am not going to do it in the traditional manner.
Takeout or not in the immediate future, I believe there will be a takeout put underneath this stock. The very ugly head-and-shoulders and bearish breakdown patterns on the longer-term charts have now played out. I think it was April 10 I last wrote up on this name. Although I do think a put is in place, I want to be somewhat conservative in my approach. And what is that approach? It is a bit longer term with some room to move....371 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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