Gamestop (GME) Offering Possible 18.76% Return Over the Next 26 Calendar Days

Gamestop's most recent trend suggests a bullish bias. One trading opportunity on Gamestop is a Bull Put Spread using a strike $39.00 short put and a strike $34.00 long put offers a potential 18.76% return on risk over the next 26 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $39.00 by expiration. The full premium credit of $0.79 would be kept by the premium seller. The risk of $4.21 would be incurred if the stock dropped below the $34.00 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 69.09 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 Might Just Have a Surprise for Its Naysayers
Mon, 23 Jun 2014 17:47:57 GMT
Motley Fool – GameStop is showing strong signs of returning to robust revenue and profit growth. The company is also compensating lower software sales by strong digital and mobile sales. The expectations that the company …

GameStop Is Not Blockbuster, Which Could Be Bad for Short Sellers
Fri, 20 Jun 2014 19:12:00 GMT

GameStop Announces Twitch as Exclusive Broadcasting Partner for GameStop EXPO 2014
Thu, 19 Jun 2014 17:27:00 GMT
Business Wire – GameStop, a family of specialty retail brands that makes the most popular technologies affordable and simple, is exclusively partnering with Twitch, the world’s leading video platform and community for gamers, to broadcast live from the annual consumer video gaming show, GameStop EXPO.

How Long Can GameStop Surf This Wave?
Wed, 18 Jun 2014 23:02:11 GMT

GAMESTOP CORP. Financials
Wed, 18 Jun 2014 17:04:08 GMT

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