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 http://www.stockcall.com/research 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 http://www.StockCall.com/BBY022813.pdf 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 http://www.StockCall.com/RSH022813.pdf 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 http://www.StockCall.com/GME022813.pdf 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 http://www.StockCall.com/CONN022813.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: Contact Person: William T. Knight, Email: email@example.com, Contact Number: +1(646)396-9857 (9:00 am EST - 01:30 pm EST)