By Bryan Bottarelli Back on July 17, I published a Trade of the Day titled “Why Best Buy’s Resistance Level Is Worth Tracking.”
In it, I wrote…
Whenever you have a stock hitting a double top resistance – at the same time that insiders are selling stock – your speculative antenna should go up. Why? Because that’s two bearish indicators – occurring simultaneously. That’s exactly the situation facing Best Buy (NYSE: BBY) right now…
A big part of trading is following support and resistance levels that just occurred – and Best Buy at $75 qualifies as the most recent resistance level worth tracking. Combine that …read more
