Today's Technical View on Best Buy, RadioShack, GameStop and Conns Inc.
LONDON, February 28, 2013 /PRNewswire/ --
The last few years have been extremely difficult for electronics retailers. The economic recession of 2009 and subsequent drop in consumer spending had a negative impact on the sector. Traditional brick & mortar retailers are also facing increasing competition from online retailers. Going forward, the key for electronics stores operators such as Best Buy Co. Inc. (NYSE: BBY), RadioShack Corp. (NYSE: RSH), GameStop Corp. (NYSE: GME), and CONN's Inc. (NASDAQ: CONN) would be to reduce stores and boost their online offerings. On Wednesday, shares of all four companies rose sharply as the broad market rallied. StockCall initiated free in-depth technical analysis on BBY, RSH, GME and CONN which are currently available upon sign up at
Shares of Best Buy Co. rose on Wednesday, ending the day 0.85% higher at $16.60 on volume of 4.57 million. For the week, however, the stock is still down nearly 2.50%. The electronics stores company shares have rallied this year. Year-to-date, the stock has gained more than 40%. However, market sentiment appears to have turned bearish on the stock recently. The MACD has just crossed below the signal line, which is a bearish signal. The stock also slipped below its 200-day moving average yesterday before recovering. Best Buy's shares currently have a dividend yield of 4.10%. Sign up for the free technical analysis on BBY at
RadioShack Corp.'s shares posted significant gains in Wednesday's trading session. The stock closed 7.19% higher at $3.28 yesterday, with volume at 2.76 million. Year-to-date, RadioShack's shares have now gained more than 54%. The rally in shares of the company began late last month after the stock broke through $2.40 resistance level. The stock saw a pullback last week. Nonetheless, it has rebounded once again and is now moving toward $3.40 resistance level. RadioShack's shares are trading well above their 50-day and 200-day moving averages. Download the free report on RSH by registering at
Shares of GameStop also edged higher in Wednesday's trading session, closing 1.82% higher at $25.24 on above average volume of 3.45 million. Year-to-date, the company's shares are up just 0.6%, underperforming the S&P 500, which has gained more than 6%. The stock currently has a dividend yield of 3.96%. Its shares have been struggling to break through $26 resistance level in the last few trading sessions. Market sentiment, though, appears to be bullish on the stock. The company's shares are trading well above their 50-day and 200-day moving averages. The free report on GME can be downloaded by signing up now at
Shares of Conns surged in Wednesday's trading session, ending the day 6.75% higher at $32.26 on above average volume of 673,598. The stock hit a 52-week high of $32.87 on yesterday. Conns shares had been trading sideways last month before breaking through $29. The stock rallied in the first two weeks of February before seeing a pullback from $32 resistance level. Conns shares bounced back from $30 and have now broken through $32 resistance level, which is a strong bullish signal. The bullish trend is further confirmed by the MACD chart. The company's shares are currently trading on a P/E ratio of 25.01. Free report on CONN can be accessed by registering at
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