BBY - Breakdown 46$
Tuesday, June 19, 2007
Chart courtesy of stockcharts

Shares of Best Buy were down today nearly 6% to 45.18$ after company reported lower quarterly profit that missed Wall Street estimates. Looking at the technical chart stock breakdown an important support at 46$, and is now in a clear downtrend with all indicators showing bearishs signs, so at this level longs should have careful.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations. The charts provided here are not meant for investment purposes and only serve as technical examples.

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posted by Pro Investor Trader at 2:43 PM | Permalink


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