Gamestop (GME) Offering Possible 19.9% Return Over the Next 16 Calendar Days

Gamestop's most recent trend suggests a bearish bias. One trading opportunity on Gamestop is a Bear Call Spread using a strike $41.50 short call and a strike $46.50 long call offers a potential 19.9% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $41.50 by expiration. The full premium credit of $0.83 would be kept by the premium seller. The risk of $4.17 would be incurred if the stock rose above the $46.50 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Gamestop is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Gamestop is bearish.

The RSI indicator is at 33.85 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Gamestop

GameStop Enhances PowerUp Rewards® Loyalty Program – Offering Customers Even More Rewards for Shopping
Thu, 02 Oct 2014 13:41:00 GMT
Business Wire – GameStop, a family of specialty retail brands that makes customers’ favorite technologies affordable and simple, has announced a series of new loyalty incentives shoppers can take advantage of this upcoming holiday season through its PowerUp Rewards program.

GameStop Teams with AT&T to Accelerate Pace of Change within the Retail Industry
Tue, 30 Sep 2014 12:30:00 GMT
Business Wire – GameStop , a family of specialty retail brands that makes the most popular technologies affordable and simple, announced today that its GameStop Technology Institute (GT

GameStop to Add 25,000 Seasonal Workers for Holiday Rush
Fri, 26 Sep 2014 18:30:03 GMT

GameStop to Double Seasonal Workers for the Holiday Shopping
Fri, 26 Sep 2014 11:43:00 GMT

GameStop Increases Seasonal Hiring Efforts for Holiday 2014
Thu, 25 Sep 2014 21:59:00 GMT
Business Wire – GameStop, a family of specialty retail brands that makes the most popular technologies affordable and simple, today announced plans to hire approximately 25,000 employees nationwid

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