Gamestop (GME) Offering Possible 14.68% Return Over the Next 12 Calendar Days

Gamestop's most recent trend suggests a bullish bias. One trading opportunity on Gamestop is a Bull Put Spread using a strike $43.50 short put and a strike $38.50 long put offers a potential 14.68% return on risk over the next 12 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $43.50 by expiration. The full premium credit of $0.64 would be kept by the premium seller. The risk of $4.36 would be incurred if the stock dropped below the $38.50 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 67.14 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 CORP. Files SEC form 10-Q, Quarterly Report
Mon, 08 Sep 2014 20:21:40 GMT

GameStop will start selling Cricket phones and plans in 2,800 stores
Mon, 08 Sep 2014 17:10:17 GMT

GameStop To Offer Cricket Wireless Service In U.S. Stores
Mon, 08 Sep 2014 13:00:00 GMT
PR Newswire – Today, Cricket Wireless and GameStop Corp. (GME), a family of specialty retail brands that makes customers' favorite technologies affordable and simple, announced a new strategic retail relationship that will offer Cricket Wireless' no-annual contract service in more than 2,800 GameStop U.S. After a successful trial in select markets, the two national brands have come together to offer value conscious customers the latest wireless/mobile, video game and entertainment technology they want at a great value. Starting next month, GameStop will begin selling Cricket Wireless no-annual contract service and the latest smartphone devices and accessories. Both companies expect the phased rollout to be completed by the end of October. “GameStop is committed to providing our customers the greatest value and service to meet all their video game, technology and now wireless needs,” said Tony Bartel, president of GameStop.

GameStop to Sell AT&T Cricket Wireless Service in Stores
Mon, 08 Sep 2014 13:00:00 GMT

GameStop Reveals Twitch Live Broadcast Schedule For GameStop EXPO 2014
Fri, 05 Sep 2014 13:00:00 GMT
Business Wire – GameStop, a family of specialty retail brands that makes the most popular technologies affordable and simple, is teaming up with Twitch, the world’s leading video platform and community for gamers, as its exclusive streaming partner for the GameStop EXPO.

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