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inthemoneystock (< 20)

Best Buy Was The Worst Buy At The Open



March 24, 2011 – Comments (0)

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

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