Gamestop's most recent trend suggests a bearish bias. One trading opportunity on Gamestop is a Bear Call Spread using a strike $46.50 short call and a strike $51.50 long call offers a potential 23.46% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $46.50 by expiration. The full premium credit of $0.95 would be kept by the premium seller. The risk of $4.05 would be incurred if the stock rose above the $51.50 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 32.67 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Gamestop
Outlook: GameStop to Report Holiday Comps Above Guidance
Sat, 11 Jan 2014 16:05:07 GMT
Wal-Mart's international finance chief to leave company
Sat, 11 Jan 2014 15:50:47 GMT
Reuters – Cathy Smith, Wal-Mart Stores Inc's finance chief for the international division, will leave the company to take a “leadership position” at an unidentified company, Wal-Mart said on Saturday. …
Wal-Mart's international finance chief to leave company
Sat, 11 Jan 2014 15:48:37 GMT
3 Reasons Best Buy Is Better Than You Think
Sat, 11 Jan 2014 14:05:56 GMT
Motley Fool – Despite the company's tribulations over the past several years, this showroom business is actually stronger than many think. Here are three reasons why the business may see more customers in 2014.
Wal-Mart's international finance chief to depart: WSJ
Sat, 11 Jan 2014 02:20:05 GMT
Reuters – Cathy Smith, Wal-Mart Stores Inc's finance chief for the international division, will leave at the end of the month to take a “leadership position” at an unidentified company, The Wall Street …
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