Best Buy Co. Inc
The price of Best Buy shares experienced a healthy 8.46% gain today as the company raised its outlook for the fourth quarter. As you can see from the chart below, the bulls were able to push the price beyond the upper resistance of a partially formed symmetrical triangle. We'd expect this former resistance to now become a strong level of support when the bears react and push the price back lower. Speaking technically, the only resistance preventing BBY from heading higher is the former 52-week high of $53.17.