CFD Trading – Buy Best Buy Co. (BBY.NYS) @ $114.10. Stop @ $110.40 and Target @ $123.50.

Best Buy Company Stock Code BBY.NYS

Price broke above the bearish cloud on 4 February 2021. Last Friday, price stayed above the cloud, which could be a sign of a possible bullish trend.  Lagging Span is above price of 26 days ago but is inside the cloud at the moment.  MACD is bullish and both of MACD’s lines are about to have a bullish crossover which is a hint of a bullish price trend ahead. If price can move above downtrend line, it could be heading towards the previous high at $123.54.

$114.10              BUY
$123.50              Price Target
$110.40              Risk Management Stop
3 weeks              Trade Duration

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