Gamestop (GME) Offering Possible 19.9% Return Over the Next 24 Calendar Days

Gamestop's most recent trend suggests a bullish bias. One trading opportunity on Gamestop is a Bull Put Spread using a strike $42.00 short put and a strike $37.00 long put offers a potential 19.9% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $42.00 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 dropped below the $37.00 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 59.71 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

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.

GameStop Jumps After Beating Estimates on Console Demand
Fri, 22 Aug 2014 20:31:36 GMT
Bloomberg – GameStop Corp. (GME) , the video-game chain that said this week its chief executive had surgery for brain cancer, surged after reporting profit that beat estimates as consumers bought new players and software. Net income more than doubled to $24.6 million, or 22 cents a share, from a year earlier, GameStop said in a statement yesterday. Analysts on average predicted 18 cents, according to data compiled by Bloomberg. Consumers are upgrading to the new generation of game players, Sony Corp. (6758)’s PlayStation 4 and Microsoft Corp. (MSFT)’s Xbox One, and buying new titles with snappier graphics.

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