Bearish MACD for Best Buy Co., Inc.

Zacks

Best Buy Co., Inc.’s (BBY) MACD indicator has moved into bearish territory with a reading of –0.8618. The Zacks #5 Rank (“Strong Sell”) stock decreased more than 2.02% to $12.14 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending January 2013 has decreased by 32 cents over the past month to $2.53 per share.

 

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