Gamestop's most recent trend suggests a bullish bias. One trading opportunity on Gamestop is a Bull Put Spread using a strike $48.00 short put and a strike $43.00 long put offers a potential 25.94% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $48.00 by expiration. The full premium credit of $1.03 would be kept by the premium seller. The risk of $3.97 would be incurred if the stock dropped below the $43.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Gamestop is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Gamestop is bullish.
The RSI indicator is at 63.35 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
A Look Back: Top 5 Retailers for the Third Quarter
Thu, 19 Dec 2013 22:38:24 GMT
Motley Fool – Many retailers are struggling, but others are seeing significant year-over-year improvements in net sales.
Coverage initiated on Gamestop by The Benchmark Company
Thu, 19 Dec 2013 11:43:00 GMT
Lightning Round: GameStop, Blackstone & More
Wed, 18 Dec 2013 23:42:18 GMT
CNBC – Are you ready skeedaddy???!!! It's time for the Lightning Round. Cramer makes the call on viewer favorites.
GAMESTOP CORP. Financials
Tue, 17 Dec 2013 18:04:08 GMT
Why This Video Game Stock Can Keep Winning in 2014
Sun, 15 Dec 2013 13:04:31 GMT
Motley Fool – GameStop, Activision Blizzard, and Take-Two Interactive each trounced the market this year. But which one has the best shot at repeating its success in 2014?
Related Posts
Also on Market Tamer…
Follow Us on Facebook