BBY completed a bullish flag pattern with strong momentum and a 4% dividend yield; the chart is considered great and getting stronger.

I will choose Best Buy. Best Buy is an interesting company , especially because of its continued rise. I believe Best Buy has completed a bullish flag pattern over the past two weeks, which we will discuss later.

But before that, take note of the dividend yield , right? It pays very good dividends, around 4%, which means that even as the share price rises , you will also get a good dividend.

I think this is a powerful combination when both things work in your favor.

Now, having said that, looking at the Best Buy chart, and noticing the significant rise from the lows of May, okay? The market has reached its lowest point, and the benchmark index hit its lowest point at the end of March.

In fact , Best Buy's stock fell for another six or seven weeks after the market low. So, this was a very difficult period, but then we saw a remarkable rise, a good price gap above the 200-day moving average , and then we continued to rise during this period.

Now , it can be said that the S& P 500 is on the verge of confirming a bullish flag pattern, but Best Buy had already completed a bullish flag pattern two weeks ago.

The bullish flag pattern is characterized by a large rise, followed by a parallel decline from lower peaks and troughs. What we are looking for is a breakout above the upper limit, which is what we saw in early September.

After breaking through the upper trend line, the price continues its upward climb.

Now, we are above the rising moving averages. The momentum is strong, but not excessive, and the relative strength is close to its highest level in 12 months. Therefore, I would say that a strong graph gets stronger. A great graph.