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GameStop Bullish Moving Average Crossover Alert (GME)

By Amy Schwartz

Today, shares of GameStop (NYSE:GME) have crossed bullishly above their 10-day moving average of $27.49 on a volume of 642K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, GameStop has traded in a range of $24.33 to $47.83 and is now at $28.05, 15% above that low. The 200-day and 50-day moving averages have moved 0.87% lower and 0.50% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of GameStop on August 29th, 2016 by issuing a Downtrend alert when the shares were trading at $28.65. Since that call, shares of GameStop have fallen 5.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses GameStop

Ticker(s): GME