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Consumer | Stocks | Technical Analysis
Chart of the Day: Best Buy’s Lower Highs
David Russell
July 16, 2025

Best Buy fell sharply on “Liberation Day.” Now, after a modest rebound, some traders may see further downside risk.

The first pattern on today’s chart is July 10’s peak of $74.75. That was below the June high, which in turn was under May’s high. Such a succession of lower …

For more, please click here to view the related idea and chart analysis on TradingView.

Best Buy (BBY), daily chart, with selected patterns and indicators, courtesy of TradingView.

Tags: BBY

About the author

David Russell
David Russell is Global Head of Market Strategy at TradeStation. Drawing on more than two decades of experience as a financial journalist and analyst, his background includes equities, emerging markets, fixed-income and derivatives. He previously worked at Bloomberg News, CNBC and E*TRADE Financial. Russell systematically reviews countless global financial headlines and indicators in search of broad tradable trends that present opportunities repeatedly over time. Customers can expect him to keep them apprised of sector leadership, relative strength and the big stories – especially those overlooked by other commentators. He’s also a big fan of generating leverage with options to limit capital at risk.

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