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Bullish Moving Average Cross by Gamestop Corp-A (GME)

By Nick Russo

Gamestop Corp-A (NYSE:GME) crossed over its 10-day moving average of $14.88 on a volume of 295K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Gamestop Corp-A share prices have been bracketed by a low of $12.20 and a high of $20.55 and are now at $15.04, 23% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Gamestop Corp-A. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Gamestop Corp-A in search of a potential trend change.

Keywords: moving crosses gamestop corp-a

Ticker(s): GME