Best Buy Shares Are Tumbling And Support Is Nowhere To Be Seen

Best Buy is currently down over 27% after news came out that their 2013 holiday sales were weak. Management also foretasted a larger than expected decline in operating margins for the last quarter of the year. From a technical perspective, the news only gets worse for Best Buy as any form of support looks to be a ways off. Best Buy could be in for a period of relative underperformance.