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GameStop Bullish Moving Average Crossover Alert (GME)

By James Quinn

Today, shares of GameStop (NYSE:GME) have advanced above their 10-day MA of $26.12 on a volume of 236K shares. This may provide short-term investors a chance 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 $26.48, 9% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has advanced 0.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of GameStop on May 6th, 2016 by issuing a Downtrend alert when the shares were trading at $29.80. Since that call, shares of GameStop have fallen 12.8%. 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