Best Buy is set for strong gains as momentum improves, according to the charts

While shares of Best Buy (BBY) have underperformed the S & P 500 in 2025, a recent breakout suggests a "change of character" and further upside potential for this big box retail name. After BBY gapped lower into its April 2025 low, the stock quickly rebounded back to its previous swing high from late March. But while the S & P 500 and Nasdaq-100 pushed higher in May and June, Best Buy settled into a sideways range between support around $63 and resistance at $73. In early September, the stock finally broke above its major resistance level around $73, which also meant a move back above the 200-day moving average. In subsequent weeks, BBY pulled back to retest the breakout level before rotating back higher. This is a common phenomenon in the technical analysis literature, where a breakout is