BBY Faces Resistance as EMAs Turn Bearish

Best Buy Co Inc (BBY) closed down 0.19% at $69.61 on December 27.

Technical indicators paint a bearish picture:

• Moving Averages: Price sits below both the 9-day ($71.07) and 21-day ($73.00) EMAs, suggesting short-term weakness.
• Momentum: RSI at 37.6 is in neutral territory but trending lower. MACD is bearish (-1.78 vs signal -1.48).
• Volatility: Bollinger Band width at 13.1% indicates normal volatility.

Key levels to watch: Support at $68.33, Resistance at $77.88.