Anand Dookie
All posts from Anand Dookie
Anand Dookie in Anand Dookie,

Is the Best Buy Stock a Large Head and Shoulder?

Best Buy (NYSE:BBY) is the ultimate comeback kid. The stock was down about 50 percent last year after the company began seeing a lot of competition from Best Buy has implemented a new strategy to deal with this situation. One of the largest introduction was to match amazon prices. So will the strategy work? I was looking at the stock and it resembles a large head and shoulder pattern:

So what do you guys think? Agree? Or will Best Buy come roaring back?