GameStop (GME) Breaks Through Support at $24.49
GameStop (NYSE:GME) has opened bearishly below the pivot of $25.09 today and has reached the first level of support at $24.49. Investors may be interested in a cross of the next downside pivot targets of $23.72 and $22.35.
Potential upside of 16.8% exists for GameStop, based on a current level of $24.82 and analysts' average consensus price target of $29.00. The stock should find resistance at its 50-day moving average (MA) of $25.22, as well as support at its 200-day MA of $21.46.
In the past 52 weeks, shares of GameStop have traded between a low of $15.32 and a high of $28.35 and are now at $24.82, which is 62% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has risen 0.2%.
SmarTrend is monitoring the recent change of momentum in GameStop. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of GameStop in search of a potential trend change.
Keywords: pivot alerts GameStop