BBY (WATCH)

Best Buy (BBY) has closed another of its numerous gaps and seems to target previous highs at 40 and 44.40. However a negative divergence in momentum vs. price is in place suggesting to remain cautious and not to chase the market to the upside until momentum confirms price again.

Nevertheless, high-risk takers can take long positions here (current price 37.36) with a stop-loss at 32.80 (-USD 4.56 / -12.20%) and a target limit at 44.20 (+USD 6.84 / +18.30%).