Technical Briefing on Best Buy, GameStop, RadioShack, and hhgregg

Thu Mar 28, 2013 5:50pm IST

* Reuters is not responsible for the content in this press release.

Stocks

   

For best results when printing this announcement, please click on the link
below:

http://pdf.reuters.com/pdfnews/pdfnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130328:nPn3288541


LONDON,  March 28, 2013  /PRNewswire/ --

Electronic stores such as Best Buy Co. Inc. (NYSE: BBY), GameStop Corp. (NYSE:
GME), RadioShack Corporation (NYSE: RSH), and hhgregg Inc. (NYSE: HGG) have
struggled in recent years due to increasing competition from online retailers
such as Amazon.com. More and more consumers are buying electronic products
online now, and the trend is expected to continue. Electronic stores have also
struggled in recent years due to weak economic environment, which has resulted
in consumers scaling back their spending. Going forward, the key for electronic
stores will be to scale back their stores and boost their online offerings.
Electronic stores stocks ended on a mixed note on Wednesday as the broad market
came under pressure amid rising worries over the Eurozone debt crisis. StockCall
has posted free technical research reports on BBY, GME, RSH, and HGG and these
can be accessed by signing up at

http://www.stockcall.com/analysis

Best Buy Co. Inc.'s shares fell sharply in trading on Wednesday. The stock fell
to an intra-day low of  $21.77  before finishing the day 2.42% lower at  $22.15.
The stock has now fallen nearly 2.80% this week. Its shares have seen a pullback
this week after rallying in the previous three weeks. The stock has been gaining
momentum since the start of this month and has broken through some key technical
levels. However, the stock's MACD chart suggests that market sentiment has now
turned bearish. Download the free report on BBY upon registration at

http://www.StockCall.com/BBY032813.pdf

GameStop Corp.'s shares have had an excellent run this week, and the trend
continued yesterday. The stock closed 0.34% higher at  $26.45  after touching an
intra-day high of  $26.67. Shares of GME have now gained more than 3% this week.
Year-to-date, the stock is now up more than 6.60%, underperforming the S&P 500.
Its shares are trading nearly 5.70% below their 52-week high. The stock
currently faces stiff resistance at around  $26.50. It has support at  $25.50.
The stock's MACD is currently trading above the signal line and the zero-line,
which is a strong bullish signal. GME technical report can be accessed for free
by signing up at

http://www.StockCall.com/GME032813.pdf

RadioShack Corporation's shares fluctuated between gains and losses on Wednesday
before finishing the day flat at  $3.36. The stock has struggled this week,
falling more than 5%. Yesterday, RadioShack's shares touched an intra-day low of
 $3.31. Despite the losses this week, the company's shares have gained nearly
58.50% this week, easily outperforming the broad market. The stock, however, is
still trading significantly below its 52-week high. The stock's MACD has just
crossed below the signal line, which indicates that market sentiment has turned
bearish on the stock. Free report on RSH can be accessed by registering at

http://www.StockCall.com/RSH032813.pdf

Shares of hhgregg Inc. struggled in trading on Wednesday, falling 0.72% finish
the day at  $11.04. The stock touched an intra-day low of  $10.93  and has now
fallen more than 1.30% this week. Its shares have had an excellent run so far in
2013, gaining more than 57%. The stock saw a series of highs before seeing a
pullback last week. The stock is still trading well above its 50-day and 200-day
moving averages. Register with StockCall and download the research on HGG for
free at

http://www.StockCall.com/HGG032813.pdf

About StockCall.com

StockCall.com is a financial website where investors can have easy, precise and
comprehensive research and opinions on stocks making the headlines. Sign up
today to talk to our financial analyst at

http://www.stockcall.com   

SOURCE  StockCall.com


Contact Person: William T. Knight, Email: info@stockcall.com, Contact Number:
+1(646)396-9857 (9:00 am EST - 01:30 pm EST)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared