Best Buy Inc.(NYSE:BBY) is a leading retail stock that was trading higher at the open after reporting earnings. Many in the financial media this morning were touting the stock as a buy before the opening bell at the New York Stock Exchange. This stock has sold off sharply lower throughout the session and looks to not have a real support level for trade until the $28.00 level. This is the reason why investors and traders must follow the charts and not the talking heads in the financial media.
Nicholas Santiago
InTheMoneyStocks.com
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InTheMoneyStocks.com is a research and consulting company focused on guiding investors, swing traders and day traders to financial success. Their Chief Market Strategists analyze the markets while making calls on everything from stocks to commodities and currencies. Their goal is to not only guide their subscribers but also teach them their proprietary methods leading them to become investing and trading masters.
Nicholas Santiago
