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Gamestop Corp-A Crosses Below its 10-day MA (GME)

By Shiri Gupta

Today, shares of Gamestop Corp-A (NYSE:GME) have crossed bearishly below their 10-day moving average of $13.11 on a volume of 2.1 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Gamestop Corp-A have traded between a low of $12.20 and a high of $32.67 and are now at $12.86, which is 5% 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 February 2nd, 2018 by issuing a Downtrend alert when the shares were trading at $16.44. Since that call, shares of Gamestop Corp-A have fallen 17.2%. 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