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After Yesterday's Decline of 6.26%, Gamestop Corp-A Offers Investors Better Value

By James Quinn

Gamestop Corp-A (NYSE:GME) traded in a range yesterday that spanned from a low of $13.15 to a high of $13.97. Yesterday, the shares fell 6.3%, which took the trading range below the 3-day low of $14.05 on volume of 4.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Gamestop Corp-A has traded in a range of $12.20 to $22.37 and is now at $13.31, 9% above that low. The 200-day and 50-day moving averages have moved 0.65% lower and 0.49% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Gamestop Corp-A. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Gamestop Corp-A in search of a potential trend change.

Keywords: rebounders gamestop corp-a

Ticker(s): GME