17.11.2015 - Best Buy shares may continue to fall

Best Buy's share price has broken the lower limit of the downward channel. As a result of the strong downward momentum quotes fell to the support level at 32.00 and were able to overcome it. In the near future quotes will reach the psychologically important support level at 30.00 and in case of its penetration will continue to decrease to the lower limit of the downward channel. We do not exclude the price rebound in the near future with the upside potential to 33.85 and 35.00. Our medium-term outlook is negative.

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