Gamestop (GME) Offering Possible 19.9% Return Over the Next 22 Calendar Days

Gamestop's most recent trend suggests a bearish bias. One trading opportunity on Gamestop is a Bear Call Spread using a strike $43.00 short call and a strike $48.00 long call offers a potential 19.9% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $43.00 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 $48.00 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 52.55 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 Announces Special Guests for GameStop EXPO 2014
Thu, 28 Aug 2014 16:38:00 GMT
Business Wire – GameStop, a family of specialty retail brands that makes the most popular technologies affordable and simple, is offering the public and PowerUp Rewards™ members an unforgettable experience in meeting celebrities and video gaming luminaries, getting autographs and playing games months before release at the ultimate event for gaming fans: GameStop EXPO at the Anaheim Convention Center in Anaheim, CA …

Taking Stock: Mid-Caps, Rate Hikes, Best Buy Turnaround
Tue, 26 Aug 2014 20:14:22 GMT

GameStop Branches Out to Tap Growing Market for Video Games
Tue, 26 Aug 2014 18:50:03 GMT

Thorns, Roses, and All Time Highs in the Market
Fri, 22 Aug 2014 22:36:36 GMT

[$$] GameStop Profit More Than Doubles Amid Strong Console Demand
Fri, 22 Aug 2014 20:51:41 GMT
The Wall Street Journal – Retailer GameStop said its second-quarter profit more than doubled on strong demand for new game consoles that lifted its hardware and software sales.

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