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Gamestop Corp-A Looks to Continue to Trade Below its Annual-Low Share Price Today

By James Quinn

Shares of Gamestop Corp-A (NYSE:GME) traded today at $4.51, breaking its 52-week low. Approximately 1.5 million shares have changed hands today, as compared to an average 30-day volume of 8.2 million shares.

Gamestop Corp-A (NYSE:GME) has potential upside of 237.5% based on a current price of $4.51 and analysts' consensus price target of $15.22. Gamestop Corp-A shares should first meet resistance at the 50-day moving average (MA) of $6.53 and find additional resistance at the 200-day MA of $11.10.

GameStop Corporation operates specialty electronic game and PC entertainment software stores throughout the United States, Australia, Canada, and Europe. The Company stores sell new and used video game hardware, video game software, and accessories, as well as PC entertainment software and related accessories and other merchandise.

In the past 52 weeks, Gamestop Corp-A share prices have been bracketed by a current low of $4.51 and a high of $17.27 and are now at $4.51. The 200-day and 50-day moving averages have moved 1.46% lower and 3.53% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Gamestop Corp-A on January 29th, 2019 by issuing a Downtrend alert when the shares were trading at $11.81. Since that call, shares of Gamestop Corp-A have fallen 60.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows gamestop corp-a

Ticker(s): GME