Gamestop (GME) Offering Possible 20.48% Return Over the Next 11 Calendar Days

Gamestop's most recent trend suggests a bearish bias. One trading opportunity on Gamestop is a Bear Call Spread using a strike $42.00 short call and a strike $47.00 long call offers a potential 20.48% return on risk over the next 11 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $42.00 by expiration. The full premium credit of $0.85 would be kept by the premium seller. The risk of $4.15 would be incurred if the stock rose above the $47.00 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 49.1 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 Says Two-Thirds Of Their Customers Don't Understand What ‘Trade-In' Means
Tue, 05 Aug 2014 22:37:00 GMT

GameStop now offers 20 percent more cash for your old titles
Tue, 05 Aug 2014 11:58:00 GMT

GameStop Corp. Announces Second Quarter 2014 Earnings Release Date and Conference Call Webcast
Thu, 31 Jul 2014 13:04:23 GMT
noodls – GRAPEVINE, Texas–(BUSINESS WIRE)–Jul. 31, 2014– GameStop Corp. (NYSE: GME) today announced that the company will report earnings results after the market closes on Thursday, August 21, 2014 for its …

GameStop Corp. Announces Second Quarter 2014 Earnings Release Date and Conference Call Webcast
Thu, 31 Jul 2014 13:00:00 GMT
Business Wire – GameStop Corp. today announced that the company will report earnings results after the market closes on Thursday, August 21, 2014 for its second quarter ended August 2,

GameStop Finds a Beacon in Fight Against Amazon
Wed, 30 Jul 2014 22:43:51 GMT

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