Best Buy Co., Inc. (BBY) hit its recent high about three months ago and has been gyrating in a range that suggests a topping action.
The stock moved into its Transition Zone about a week ago and looks to be going nowhere. Now is the time to sell.
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Best Buy Co, Inc. (BBY) — Best Buy Co., Inc. operates as a retailer of technology products, services and solutions in the United States, Canada and Mexico. The company operates through two reportable segments, Domestic and International. Its stores provide consumer electronics, such as home theater, home automation, digital imaging, health and fitness, portable audio products, computing and mobile phones. The company’s stores also offer appliances, which include refrigeration and laundry appliances, dishwashers, ovens, coffee makers, blenders, etc. In addition, it provides services, such as consultation, design, delivery, installation, set-up, protection plan, repair, technical support and educational services. The company offers its products through stores and Websites under the Best Buy, bestbuy.com, Best Buy Mobile, Best Buy Direct, Best Buy Express, Geek Squad, Magnolia Home Theater, Pacific Kitchen and Home, bestbuy.com.ca and bestbuy.com.mx brand names, as well as through call centers. It has approximately 1,200 large-format and 400 small-format stores. The company was formerly known as Sound of Music, Inc. Best Buy Co., Inc. was founded in 1966 and is headquartered in Richfield, Minnesota.