BBY Best Buy Weekly Chart Oversold Positive Divergence

Best Buy, or, as the joke goes, Worst Buy, if you receive a lemon of a product.  Folks love to hate BBY.  It has been severely beaten from well over 40 to 15 bucks in less than two years.  Analysts are quick to point to 'showrooming' as the reason for their demise.  Showrooming is where folks go to BBY to touch and feel the products, and take advantage of the young people's tech knowledge, but then leave without purchasing, running home to order the products from AMZN.  Sure, plenty of people showroom, but it is overrated. Many folks, Keystone included, buy the products right there appreciative of the tech guidance from BBY, and receiving immediate gratification, rather than waiting for the delivery man that tosses around packages like a gorilla tosses bananas.

The stochastics are oversold and very attractive positive divergence is in place.  Keystone is in this trade and will likely continue adding if the price drops.  This week BBY is to provide some guidance or conduct an investor day conference, something like that, so the price will respond.  Christmas is coming and rest assurred many folks will fill the stores.  WMT decided to open stores on Tahnksgiving evening this year instead of midnight since last year BBY was opened earlier and in the cold, many folks went to BBY to seek warmth, and WMT lost those sales. BBY looks good for a basing, recovery, and sustainable sideways to sideways up moving forward. This information is for educational and entertainment purposes only.  Do not invest based on anything you read or view here.  Consult your financial advisor before making any investment decision.