№ 032 · Almanac · · 1 min
What we learned the week BBY hit its 200-week SMA in 2016.
BBY touched its 200-week line in 2016. Twelve months later: +97.5%.
The week of June 6, 2016 put BBY right on its 200-week line — $29.44 versus a mean of $29.94.
Twelve months later: +97.5%. Three years later: +116.4%. Five years later: +294.0%.
10 years on, BBY trades at $77.95 — +164.8% from the touch.
— Patience is the trade. Conviction is the discipline.
