18.03.2016 - Shares of Best Buy may grow in the next few days
Stock price of Best Buy corrected to the local ascending channel's lower border. At the moment, there is a high probability of price rebound from the bottom of the channel and continued growth to 34.00 and 35.75. In case of moving beyond the channel, and fixing below the level of 31.00, we expect a continuation of the negative dynamics to 29.00 and 26.00. According to our estimates, price will continue to rise in the near future and medium term.