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Best Buy Co., Inc. : StockCall Pre-Market Review on BBY, RSH, GME, and HGG

04/30/2013 | 09:05am US/Eastern
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StockCall.com Provides Stock Research on Best Buy Co. Inc., RadioShack Corp., GameStop Corp., and hhgregg Inc.

New York City, New York -- (April 30, 2013)

Electronic store operators have faced significant challenges over the last few years. First, the economic recession of 2009 led to consumers scaling back their spending. This had a significant on electronic stores operators. Companies such as Best Buy Co. Inc. (NYSE: BBY), RadioShack Corporation (NYSE: RSH), GameStop Corp. (NYSE: GME), and hhgregg Inc. (NYSE: HGG) are also facing increasing competition from online stores. Going forward, the key for electronic store operators will be to shut down loss making stores and boost their online offerings. Shares of electronic stores ended on a mixed on Monday even as the broad market rallied following better-than-expected pending home sales data. StockCall analysts initiated preliminary technical research on BBY, RSH, GME, and HGG. These free reports are accessible by signing today at

www.stockcall.com/register

Shares of Best Buy Co. Inc. rose sharply in yesterday?s trading session, tracking gains in the broad market. The stock finished the day 2.98% higher at $24.20 on volume of 5.29 million. Shares of the company are currently trading close to their 52-week high of $26.29. The stock has gained more than 104.20% so far in 2013, easily outperforming the S&P 500 which gained more than 11.70% in the same period. The company?s shares are currently trading well above their 50-day and 200-day moving averages which is a bullish signal. However, the stock?s MACD suggests that market sentiment may have turned bearish recently. The free technical analysis on BBY is available by signing up at

www.StockCall.com/BBY043013.pdf

Shares of RadioShack Corporation also rose sharply on Monday. The stock rose to an intra-day high of $3.20 before paring some of the gains to finish the day 1.61% higher at $3.15 on above average volume of 2.28 million. RadioShack?s shares have traded in a tight range over the last two weeks, struggling to break through $3.20 resistance level. The stock is also trading below its 50-day moving average. However, year-to-date, the company?s shares have gained more than 48.50%, outperforming the broad market. Register now to download the free research on RSH at

www.StockCall.com/RSH043013.pdf

Shares of GameStop Corp. touched a 52-week high of $35.30 on Monday, however, the stock failed to hold onto its gains. GameStop?s shares ended the day 0.14% lower at $34.57 on volume of 2.27 million. Its shares have seen a series of highs over the past two weeks which is a bullish signal. The stock is also trading well above its 50-day and 200-day moving averages which further confirms the positive trend. The company?s shares have gained more than 39.30% thus far this year. Free report on GME can be accessed by registering at

www.StockCall.com/GME043013.pdf

hhgregg Inc.?s shares fell sharply in trading on Monday even as the broad market posted significant gains. The stock closed 1.23% lower at $13.63 on volume of 232,200 after trading between $13.62 and $14.06. Despite the sharp decline yesterday, hhgregg?s shares are currently trading close to their 52-week high of $14.22. The stock has had an excellent run so far in 2013, gaining more than 94%. However, its MACD has just crossed below the signal line which suggests that market sentiment has turned bearish.Register withStockCall and download the research on HGG for free at

www.StockCall.com/HGG043013.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

www.stockcall.com

Contact Person:

William T. Knight

Email: info@stockcall.com

Contact Number: (646) 396-9857 (9:00 am EST ? 01:30 pm EST)


© Accesswire 2013
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