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

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

PR Newswire

LONDON, March 28, 2013

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 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

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

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

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

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

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