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Thursday, March 29, 2012

Surprising Volume Detected In Shares Of (NYSE: BBY)

Best Buy Co. Inc. (NYSE: BBY): fell by 6.54% or $-1.74/share to $24.88. In the past year, the shares have traded as low as $21.79 and as high as $32.85. On average, 5565520 shares of BBY exchange hands on a given day and today's volume is recorded at 5732026. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $25.34 area where the stock may encounter resistance.