BBY Watch

Best Buy Inc. (BBY), the electronics retailer and sole non-Apple store to sell the iPad, is showing a bull signal on the Parabolic SAR.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
BBY $44.25

The signal is in line with an uptrend that began Feb. 12, and an Average Directional Index of 54 testifies to the strength of that trend.

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All in all, what's not to like!

You are here:

• Reversal
• $45.21, +2.2%
• $44.79, +1.2%
• Now $44.25
• Reversal
• $42.36, -4.3%
• $40.54, -8.4%

Well, one thing not to like is the nearness of upside reversal levels. The higher one, $45.21, dates back to 2008. Also, the downside reversals are set in largish steps. So a loss will have a ways to go before it gets slowed by shares on the table.

All in all, it's an intriguing directional bull play.

I did an analysis of BBY yesterday.

Abbreviations:
psar - Parabolic Stop and Reverse
adx - Average Directional Index
pps - Person's Proprietary Signal
ma20 - 20-day moving average
macd - Moving Average Convergence-Divergence
mfi - Money Flow Index
sto - Fast Stochastic

About the glance: The colors indicate the state of each signal.

• trend: Determined by the 5-day moving average, green for up, red for down, yellow for sideways
• adx: orange for above 30-up, blue for 20-down, purple for in the middle. Red is most prone to whipsaws
• psar, pps, macd: green for bull mode, red for bear
• sto: green for overbought, red for oversold, yellow for the neutral zone.

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