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Gamestop Corp-A Bullish Moving Average Crossover Alert (GME)

By David Diaz

Gamestop Corp-A (NYSE:GME) crossed over its 10-day moving average of $21.15 on a volume of 300K 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, shares of Gamestop Corp-A have traded between a low of $20.10 and a high of $32.67 and are now at $21.30, which is 6% above that low price. 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 Corp-A on January 13th, 2017 by issuing a Downtrend alert when the shares were trading at $22.73. Since that call, shares of Gamestop Corp-A have fallen 7.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses gamestop corp-a

Ticker(s): GME