Gamestop's most recent trend suggests a bearish bias. One trading opportunity on Gamestop is a Bear Call Spread using a strike $34.50 short call and a strike $39.50 long call offers a potential 27.55% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $34.50 by expiration. The full premium credit of $1.08 would be kept by the premium seller. The risk of $3.92 would be incurred if the stock rose above the $39.50 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 57 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 Has A Brilliant Plan To Avoid Becoming The Next Blockbuster
Thu, 08 Jan 2015 22:20:00 GMT
Extra Lives: Can GameStop Avoid Blockbuster's Fate?
Thu, 08 Jan 2015 10:57:22 GMT
Celebrate the New Year with Savings at GameStop
Thu, 08 Jan 2015 03:12:04 GMT
noodls – Buy a Bundle, Save a Bundle Play Your Cards Right! Use Your Gift Cards to Get the Gifts You Didn't Get GRAPEVINE, Texas–(BUSINESS WIRE)–Jan. 6, 2015– Begin 2015 with savings at GameStop. GameStop Corp., …
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Tue, 06 Jan 2015 22:05:00 GMT
Celebrate the New Year with Savings at GameStop
Tue, 06 Jan 2015 14:00:00 GMT
Business Wire – Begin 2015 with savings at GameStop.
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