Gamestop's most recent trend suggests a bullish bias. One trading opportunity on Gamestop is a Bull Put Spread using a strike $45.50 short put and a strike $40.50 long put offers a potential 25.31% return on risk over the next 19 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $45.50 by expiration. The full premium credit of $1.01 would be kept by the premium seller. The risk of $3.99 would be incurred if the stock dropped below the $40.50 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 76.18 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
Against Digital Market, Every Gamer’s Favorite Store Stands Strong
Thu, 24 Jul 2014 15:55:11 GMT
Kongregate and GameStop Announce New Mobile Game Titles
Thu, 24 Jul 2014 15:54:00 GMT
Business Wire – Kongregate, a wholly owned subsidiary of GameStop Corporation, today announced it will release several new free-to-play mobile games in the next few months as they continue to expand their mobile game publishing program.
Beat the Crowd Into Steve Madden, Gamestop & The Buckle
Wed, 23 Jul 2014 17:33:00 GMT
Update: GameStop Announces New Gift Card Exchange
Wed, 23 Jul 2014 15:08:37 GMT
GameStop Announces New Gift Card Exchange Powered By Cardpool
Mon, 21 Jul 2014 16:40:54 GMT
noodls – SAN FRANCISCO, July 21, 2014 /PRNewswire/ — GameStop Corp. (NYSE: GME), a family of specialty retail brands that makes popular gaming technologies affordable and simple, today announced that GameStop …
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