Today's Technical View on Best Buy, RadioShack, GameStop and Conns Inc.

   Today's Technical View on Best Buy, RadioShack, GameStop and Conns Inc.

PR Newswire

LONDON, February 28, 2013

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 

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